Insights Landing

Insights

All Insights

Get Our Latest Insights Direct to Your Mailbox

Subscribe

Latham in Focus Video Series

The Book of Jargon Series – Word of the Day®

The Book of Jargon® is a series of practice area and industry-specific glossaries published by Latham & Watkins.

Bank Book

shorthand for the Confidential Information Memorandum (or CIM) used to Syndicate the bank loans.

Word of the Day®

Custodian

the person or entity in charge of the record or control of an ESI File. Sometimes, but not always, a Custodian is the author of the document. Other times they are a much-loved elementary school staff member.

Word of the Day®

High Splits

when the holder of the Incentive Distribution Rights (often the General Partner) is receiving distributions at the highest marginal percentage (typically 48 percent, exclusive of the General Partner Interest), it is sometimes said that the holder is “in the high splits.” See Incentive Distribution Rights.

Word of the Day®

Abstract

a document showing the Encumbrances and Liens associated with a certain Property. The Abstract includes the names of all the Property owners and documents that affect the Property, such as Mortgages, Deeds, Covenants, restrictions, Property taxes, and the like.

Word of the Day®

R-squared

a measure of how a Hedge Fund's returns are correlated compared to the broader market. Zero (0) indicates no correlation; one (1) indicates perfect correlation; minus-1 indicates a perfect inverse correlation.

Word of the Day®

In each episode of Connected With Latham, we discuss ideas, developments, and trends shaping the global economy.

Listen here or subscribe via Apple PodcastsSpotify, or anywhere else you listen to podcasts.

From Our Blogs

United States Securities and Exchange Commission (SEC)
February 10, 2026

SEC Staff Issues Statement on Tokenized Securities

The Staff statement provides a technology-neutral framework for understanding securities tokenization models and emphasizes the consistent application of the securities laws to such models.