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... business day. For example, stocks held by U.S. closed-end equity funds (with the exception of very small issues) are traded frequently during the open hours of the New York Stock Exchange or Nasdaq. Further, each business day at the market close (4:00 p.m., New York Time), securities held by such a ...
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Private money investing

Private money investing is the reverse side of hard money lending, a type of financing in which a borrower receives funds based on the value of real estate owned by the borrower. Private Money Investing (“PMI”) concerns the SOURCE of the funds lent to hard money borrowers, as well as other considerations made from the INVESTOR’S side of the equation. Without these private, non-institutional investors, hard money would not exist.
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