Sublime

Once the limited partners receive 100 percent of their money back, Cynthia and Mercedes receive 20 percent of any additional profits while the limited partners receive 80 percent. The 20 percent that Cynthia and Mercedes receive is referred to as carried interest.

U.S. Government debt is safe and, therefore, low-yielding. T-Bills, T-Notes, T-Bonds, STRIPS, and TIPS are all securities that can be traded on the secondary market, what we call "negotiable" securities. I-Bonds, on the other hand, are not "negotiable," meaning they can't be traded/sold to other investors.