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Search Results for:

Strip Center

Definitions

An attached row of stores or service outlets managed as a coherent retail entity, with on-site parking usually located in front of the stores; open canopies may connect the storefr ...

Style Drift

Definitions

The divergence of a fund from its investment style or objective.

Subadvisor

Definitions

An investment management firm that typically partners with an investment advisor to help with the day-to-day management of the fund; often provide specialized expertise in a specif ...

Subordinate Debt/Loan/Mortgage

Definitions

A debt financing obligation issued to a company or an individual by a bank or similar financial institution that is ranked behind that held by secured lenders in terms of the order ...

Subordination

Definitions

The process of sharing the risk of credit losses disproportionately among two or more classes of securities.

Subscription Period

Definitions

The time period in which new investors can invest in a fund.  

Subscription-Backed Credit Facility

Definitions

A loan or line of credit made by a bank or other credit institution to a fund that is secured by (i) the unfunded commitments of the investors to make capital contributions to the ...

Super-Exempt US Investor

Definitions

A public pension fund claiming an exemption from US federal income tax under US Code Section 115; not subject to unrelated business taxable income (UBTI) under US Code Section 511 ...

Superfund or Comprehensive Environmental Response, Compensation and Liability Act (CERCLA)

Definitions

The federal Superfund program, administered by the US Environmental Protection Agency (EPA) is designed to investigate and cleanup sites contaminated with hazardous subst ...

Supermajority

Definitions

A majority (such as two-thirds or three-fifths) that is greater than a simple majority.

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