Spanish translation: indicación de máximos/ de mínimos
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19:18 Jul 9, 2003
English to Spanish translations [PRO] Bus/Financial / portfolio management
English term or phrase:High Watermark/Low watermark
Por qué en la comisión subordinada al rendimiento no hay una high Watermark?....
también falta una low watermark.
Explanation: "What is the "high watermark"?
Only the growth above the previous highest value to date - the high watermark - is used to calculate the performance commission."
"The high point of value that an investment fund/account has reached. This term is often used in the context of fund manager compensation. Because the income of an investment manager is performance based, a high water mark means that if money is lost over one time period, they have to get back to the high water mark before getting a performance bonus on new appreciation."