Hedge Fund Glossary

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Variable Obligation

a feature that allows the settlement amount delivered by the investor at maturity of a Derivative transaction to vary subject to a cap and a floor.

Hedge Fund Glossary Index ›

Latham & Watkins is pleased to provide our Book of Jargon® — Hedge Funds. The Book of Jargon® — Hedge Funds
is a comprehensive glossary of hedge fund slang, legal and regulatory terminology, and acronyms.

For more information please visit: www.lw.com