Direct investment

Definition:

The purchase of a controlling interest in a company or at least enough interest to have enough influence to direct the course of the company.

Investing Essentials


Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University

Term of the Day

Nonrecourse

In the case of default, the lender has no ability to claim assets over and above what the limited partners contributed.

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