approved fund

approved fund
USA
approved fund, {{}}Also known as related fund or fund.
A term used to describe a certain type of eligible assignee under a loan agreement. Typically defined as an entity that is engaged in making, purchasing, holding or investing in bank or commercial loans and similar extensions of credit in the ordinary course of its business and that is administered, advised or managed by:
• A lender under the loan agreement.
• An affiliate of a lender under the loan agreement.
• An entity or an affiliate of an entity that administers, advises or manages a lender under the loan agreement.
Approved funds are typically affiliates of term B lenders and other institutional investors (rather than commercial banks) and loans are often allocated among several related approved funds of a lender.

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

Игры ⚽ Поможем написать курсовую

Look at other dictionaries:

  • fund — 1 n 1: a sum of money or other resources whose principal or interest is set aside for a specific objective cli·ent security fund: a fund established by each state to compensate clients for losses suffered due to their attorneys misappropriation… …   Law dictionary

  • Approved List — A list of pre selected securities that are deemed fit for purchase by a mutual fund or the clients of a brokerage firm. In both cases, the intent is to limit the account managers or brokers array of choices to investments available on the… …   Investment dictionary

  • approved deposit fund — noun a fund administered by a bank, insurance company, etc., which is exempt from income tax and which can receive eligible termination payments from a superannuation fund or similar source. Abbrev.: ADF …  

  • approved deferred share trust — ADST A trust fund set up by a British company, and approved by HM Revenue and Customs, that purchases shares in that company for the benefit of its employees. Tax on dividends is deferred until the shares are sold and is then paid at a reduced… …   Big dictionary of business and management

  • approved list — A list of equities ( equity) and other investments that a financial institution or mutual fund is allowed to invest in. Bloomberg Financial Dictionary See: legal list. Bloomberg Financial Dictionary …   Financial and business terms

  • related fund — USA approved fund, {{}}Also known as related fund or fund. A term used to describe a certain type of eligible assignee under a loan agreement. Typically defined as an entity that is engaged in making, purchasing, holding or investing in bank or… …   Law dictionary

  • Illinois Municipal Retirement Fund — The Illinois Municipal Retirement Fund (or IMRF) is a pension fund created in 1939 by the Illinois General Assembly for municipal employees in the state of Illinois. IMRF began operating in 1941 with 5 original employers and $5,000 in assets.… …   Wikipedia

  • NAACP Legal Defense and Educational Fund — Logo of the NAACP Legal Defense and Educational Fund. The NAACP Legal Defense and Educational Fund, Inc. (NAACP LDF, the Inc. Fund, or simply LDF) is a leading United States civil rights organization and law firm based in New York City. The… …   Wikipedia

  • International Monetary Fund — Infobox Central bank bank name = bank name in local = International Monetary Fund image 1 = IMF.png image title 1 = IMF member states in green headquarters = Washington, D.C., USA president = Dominique Strauss Kahn leader title = Managing… …   Wikipedia

  • Exchange-traded fund — An exchange traded fund (ETF) is an investment fund traded on stock exchanges, much like stocks.[1] An ETF holds assets such as stocks, commodities, or bonds, and trades close to its net asset value over the course of the trading day. Most ETFs… …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”