Here you’ll find definitions of terms used on the AIC site. Enter the term you want to search for in the box, or click on the letter it begins with.

5 A B C D E F G H I J L M N O P Q R S T U V W Y Z

Refers to investments that can be sold at short notice. This includes shares and securities that are traded on stock markets.

The process of ending a company’s life. It normally involves selling off the company’s assets, paying off any creditors, and then returning anything left over to shareholders.


See wind up date.

Leverage is defined in the AIFM Directive as “any method by which the AIFM increases the exposure of an AIF it manages whether through borrowing of cash or securities, or leverage embedded in derivative positions or by any other means”.

More information can be found in the ‘Leverage’ chapter.