SEC FORM N-2
SEC Form N-2 is a filing used for the registration under the Investment Company Act of 1940 and the offering of the shares under the Securities Act of 1933 to submitted by close-end management investor companies with the exception of small business investment companies licensed by the Small Business Administration under the Securities and Exchange Commission. SEC Form N-2 gathers data to be presented to investors regarding information on close-end management companies in order to determine the potential of the share for investment.
POPULAR TERMS
Target Return
Pricing model used in valuing a business based on what an investor expects from any capital invested in the firm. It is computed by adding the amou ...
Remainder Man
An individual who receives the remaining principal in a trust account after all required payments have been made, such as those to the beneficiary ...
Average Collected Balance
The total average of the collected funds in a bank account in a month. The balance is calculated by adding the collected balance and dividing it by ...
Bankable Funds
Forms of payment that are accepted at financial institutions. Retailers and other organizations that directly accept payments from customers typica ...
Prudent-Person Rule
A legal maxim that restricts the discretion in a client's account to investments that a prudent person seeking reasonable income and preservati ...
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