NOMINAL CAPITAL Definition

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NOMINAL CAPITAL is total face value of authorized issuable capital.

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AS-IS CONDITION is the transfer of title to a property in an existing condition with no warranties or representations.

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.

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