In contrast, when a closed-end investment company creates a fund, it issues only a limited number of shares, and those shares trade on the secondary market as shares of stock do. If you purchase fund shares directly from the open-end investment company, you pay the current net asset value (NAV) per share.
What is a Class A Felony? Many states, plus the federal criminal code, categorize their felony crimes by degree of seriousness, from the most serious to the least. Some states use a âclassâ designation, such as A, B, C, and so on; others use âlevels,â such as 1, 2, 3 and the like. Class A and level 1 felonies are the most serious, class B and level 2 are less so, and so on.
For cases involving more valuable stolen property, specifically property whose value exceeds the limit discussed above, an individual may face charges of grand theft, which is a felony. Felony charges are more serious and typically result in fines, restitution, and jail time. Other categories of theft, such as grand theft auto, may also have separate laws which apply with specific charges and heightened penalties. Additional Factors