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The General Partners' Share of Investment Returns Is Called Carried

question 20

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The general partners' share of investment returns is called carried interest.


Definitions:

Duty

Obligation required by law or morality to act or refrain from acting in a certain manner towards others.

Waiting Period

A mandatory interval of time between the initiation of an action and its actual application, such as between filing an insurance claim and receiving benefits.

Filing Date

The filing date refers to the specific day on which a document is officially submitted or recorded with a governmental or legal office.

Effective Date

The date on which an agreement, policy, or regulation becomes enforceable or active.

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