Glossary Term

Key Person Provision

A Key Person Provision is a clause in investment agreements that ensures continuity in fund management by protecting investors if key individuals critical to the investment leave or are unable to perform their duties, halting further investment activities until a suitable replacement is found.

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Related Terms

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KYC (Know Your Customer)

KYC, or Know Your Customer, is a process used by financial institutions to verify the identity of their clients, ensuring transparency and trust while preventing fraud and illicit activities.

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