| Nondiscretionary Trust, Nondeliverable Forward (NDF) | |
| Nondurable Goods, Nonfinancial Assets |
Dictionary of Finance and Investment Terms. Copyright © 2010 by Barron's Educational Series, Inc. All rights reserved.
Finance
according to the Investment Company Act of 1940 (Section 5 b.2), any management company that does not meet the requirements of a diversified investment [management] company. These are mutual funds or closedend funds, often venture capital funds, operating under policies that permit investment of a relatively large portion of the fund’s assets in particular companies or other concentrations. Sometimes also called concentrated funds, focused funds, or undiversified funds.