What is a waterfall calculation?

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Tags

1. #gains
2. #which
3. #order
4. #participants
5. #allocated
6. #partners
7. #associated
8. #method
9. #equity
10. #waterfall
11. #private
12. #distributions
13. #commonly
14. #investment
15. #general
16. #delineates
17. #between
18. #distribution
19. #capital
20. #funds
21. #defines
22. #limited