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

Total return

In performance measurement, the actual rate of return realized over some evaluation period. In fixed income analysis, the potential return that considers all three sources of return (coupon interest... Read More

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