You what?

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SEC guidance on plain EnglishIndex: Click to expand:
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A page dedicated to management speak gems that spill from colleagues’ lips and counterparties’ pens from time to time.

Management yogababble

Our learned friends

  • “Save in the event of its negligence, fraud, willful default or breach of contract or trust, the Custodian shall not be liable to Client in contract, tort, trust, as a fiduciary or under any other cause of action for any Losses arising out of or in connection with its non-performance, partial performance, or misperformance, any of its obligations or duties, express or implied.”

See also