Examlex
Which of the following is recommended in addition to best practices for managing legal risks that require basic shipping terminology to be defined to facilitate understanding of implications of contractual terms by employees?
Net Asset Value
The net worth of a fund, calculated by subtracting its liabilities from the sum of its assets, commonly associated with mutual and exchange-traded funds.
Closed-end Fund
A type of investment fund with a fixed number of shares that are traded on the stock exchange, unlike mutual funds which continuously offer new shares or buy back existing shares.
Brokered Markets
Marketplaces where buyers and sellers are brought together by third-party brokers to facilitate transactions.
Continuous Auction Markets
Markets where buyers and sellers continuously submit competitive bids and offers, allowing for trades throughout the trading session.
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