Examlex

Solved

Which of the Following Best Describes the 2/20 Fee That

question 74

Multiple Choice

Which of the following best describes the 2/20 fee that is used by most hedge funds?


Definitions:

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.

Related Questions