BDC definition

BDC means a business development company under the Act.5
BDC means a business development company under the Act. Section 2(a)(48) defines a BDC to be any closed-end investment company that operates for the purpose of making investments in securities described in Section 55(a)(1) through 55(a)(3) and makes available significant managerial assistance with respect to the issuers of such securities.

Examples of BDC in a sentence

  • This Agreement shall terminate (i) automatically upon the Fund and the Adviser entering into the BDC Advisory Agreement or (ii) upon the earlier decision of the Fund or the Adviser to terminate this Agreement.


More Definitions of BDC

BDC means PennantPark Floating Rate Capital Ltd., a Maryland corporation.
BDC shall have the meaning as defined in Section 1(a)(2) of this agreement.
BDC has the meaning set forth in Section 2(a)(48) of the Investment Company Act.
BDC. New Mountain Finance Corporation, a Delaware corporation that has elected to be regulated as a business development company under the 1940 Act.
BDC means Bermuda Digital Communications Ltd., a Bermuda entity.
BDC shall have the meaning set forth in the Recitals.