Define workout expenditures, Accounting Basics

Workout Expenditures

Professional fees (legal, accounting, appraisal) paid to entities unaffiliated with the investment company's advisor or sponsor in connection with any of the following:

a.  Capital infusions 

b.  Restructurings or plans of reorganization 

c.  Ongoing efforts to protect or enhance an investment 

d.  The pursuit of other claims or legal actions. 

Posted Date: 8/9/2012 5:21:13 AM | Location : United States

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