Mandate

Definition:

Allocation of funds to an investment manager to be managed for a specific purpose or style. Also refers to the formal appointment to advise on or arrange a project financing.

Investing Essentials


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

Term of the Day

Reverse conversion

A technique in which brokerage firms earn interest on the stocks they hold for their customers by selling the short and investing the proceeds in money market accounts. The short positions are hedged... Read More

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