LONG/SHORT FUND
A mutual fund that imitates some trading strategies usually done by a hedge fund. Unlike most mutual funds, it employs leverage, derivatives and short positions in an attempt to maximize total returns, disregarding the present market conditions. The law limits the amount of leverage used, as well as the number of derivatives and short positions that this fund may contain. These are primarily invested in stocks.
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Lobby
Act of attempting to exert an influence (i.e. lobbying); a group of like-minded people that attempts to influence an authoritative body in their fa ...
Douglas Amendment
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Lilly Ledbetter Fair Pay Act
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Generation-Skipping Trust
Legally binding trust agreement passing the contributed assets to the grantor’s grandchildren, not his children, upon the grantor’s dea ...
Net Change
Net change is the difference between the closing price of a security on one trading day and the closing price of the previous day. It may either be ...
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