Investment Company Act of 1940

Definition:

Legislation that requires investment companies to register with the SEC and that outlines standards by which they must operate.

Investing Essentials


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

Term of the Day

Fully depreciated

An asset that has already been charged with the maximum amount of depreciation allowed by the IRS for accounting purposes.

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