gate provision

Definition

A common type of restriction that is put on a hedge fund that limits the amount of withdrawals that are allowed from the fund during a specific period of redemption. This is used in order to prevent a run on the fund that could potentially stop its operations and create a large sell off of asset positions.
Browse Definitions by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
gasoline gatekeeper