DEFERRED REVENUE EXPENDITURE Definition

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DEFERRED REVENUE EXPENDITURE see DEFERRED EXPENDITURE.

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MANAGEMENT EXPENSE is the management fee deducted from a funds average net assets to pay an advisor or sub-advisor. This fee is normally on a sliding scale. As the net assets of the fund increase, the percentage deducted for management fees decreases. A fund can also have a fixed rate or flat fee to compensate the advisor.

TOR; among many others; can mean Time of Receipt, Terms Of Reference, Time of Report, etc.

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