a term referring to the dates on which Financial Statements go stale. Once Financial Statements go stale, they can no longer be included in an SEC filing (and the SEC will no longer declare the Issuer’s Registration Statement effective) — meaning the Issuer has to wait until the Financial Statements for the next quarter are completed in order to file a Registration Statement or have the SEC declare a Registration Statement effective. See Latham & Watkins Desktop Staleness Calendar, available at www.lw.com.
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is a comprehensive glossary of hedge fund slang, legal and regulatory terminology, and acronyms.
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