carried interest
[ kar-eed in-ter-ist, in-trist ]
/ ˈkær id ˈɪn tər ɪst, ˈɪn trɪst /
noun Finance.
a share of profits received by managers of private investment funds, as private equity and hedge funds, unrelated to initial money the managers may or may not have contributed: His piles of accumulated carried interest have fallen neatly into a tax-free loophole.
Origin of carried interest
First recorded in 1750–55
Words nearby carried interest
carrick bend,
carrick bitt,
carrickfergus,
carrie,
carried away,
carried interest,
carrier,
carrier bag,
carrier pigeon,
carrier screening,
carrier wave