Examlex
The ____ tier is also called the data access tier in a three-tier architecture.
Managed Investment Companies
Firms that invest pooled funds from clients, taking on the responsibility of investment decisions and management for those funds.
Closed-end Funds
Investment funds that have a fixed number of shares which are not redeemable from the fund. Instead, the shares can be purchased or sold only in the market, at their current market price.
Unit Investment Trusts
An investment company offering a fixed portfolio of securities in a one-time public offering, with units redeemable on demand.
Short-selling
The practice of selling securities or other financial instruments that are not currently owned, with the intention of repurchasing them later at a lower price.
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