Chapter 22 - Investors and the Investment Process Flashcards
0
Q
A firm pooling and managing funds of investors.
A
Mutual Fund
1
Q
In interest in an asset held by a trustee for the benefit of another person.
A
Personal Trust
2
Q
Portfolios operated for the benefit of a nonprofit entity.
A
Endowment Funds
3
Q
The speed and ease with which an asset can be converted to cash.
A
Liquidity
4
Q
The planned liquidation date.
A
Investment Horizon
5
Q
The fiduciary responsibility of a professional investor.
A
Prudent Investor Rule.
6
Q
Approved list of assets in which a portfolio manager man invest.
A
Asset Universe
