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.
If you were charged with theft in the third degree (sometimes referred to as Theft III) or theft in the second degree (Theft II), you are charged with a misdemeanor crime. If you were charged with theft in the first degree (Theft I) or aggravated theft in the first degree, then you are facing a felony charge. There are other related charges such as identity theft; forgery; criminal possession of a forged instrument; etc. which are outside the scope of the discussion here.