Examlex
Which of the following best describes the 2/20 fee that is used by most hedge funds?
Consideration
The value (such as money, service, or goods) promised to another when making a contract.
Binding Contract
A legally enforceable agreement between two or more parties that is binding in a court of law.
Co-Worker
An individual who works with another in the same organization or on the same project, but not necessarily having the same rank.
One-Sided Agreement
A contract where the terms and conditions are favorable to one party, often at the expense of the other party.
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