Definition of ACP Fund


ACP Fund means any short-term and/or fixed income fund that is valued on an amortized cost pricing basis in accordance with Section 3. 03(b).

Examples of ACP Fund in a sentence

Except as otherwise provided in Section 3.03(b) in the case of an ACP Fund, or as may be more specifically set forth in the applicable Fund Declaration, the assets of the Fund shall be valued by the Trustee at fair value on an accrual basis with interest and dividends credited to the account as of the payment date, in accordance with generally accepted valuation principles consistently followed and uniformly applied by the Trustee.