A company must be registered in compliance with Section 54 of the Investment Company Act of 1940 to qualify as a BDC. A major difference between a BDC and a venture capital fund is that BDCs allow smaller, non-accredited investors to invest in startup companies.
English[edit] third-person singular â(plural third-person singulars) (grammar) The form of a verb used (in English and other languages) with singular nouns and with the pronouns he, she, it and one (or their equivalents in other languages).
This is where the text uses 'she', 'he', 'it', 'they', 'her', 'his' and 'their'. Third person is used where the writer or speaker is describing someone else, and not their own personal experience. One point to notice, however, is that text in the third person can include direct speech in the first or second person.riters may use the first person as they reflect upon an issue, though it is more common to use third person for this sort of writing. I was brought up in a Scottish fishing town, where the smell of the fish smoking over the oak chips filled the air whenever we wandered around our local harbour. (Personal experience).