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March 10, 2025 Blog

FDIC Conducts Regulatory Review and Purge

Under its new acting chairman appointed by President Trump, the FDIC charges ahead with its new agenda by rolling back key Biden-era regulatory efforts.
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The Book of Jargon Series – Word of the Day®

The Book of Jargon® is a series of practice area and industry-specific glossaries published by Latham & Watkins.

Custodian

the person or entity in charge of the record or control of an ESI File. Sometimes, but not always, a Custodian is the author of the document. Other times they are a much-loved elementary school staff member.

Word of the Day®

High Splits

when the holder of the Incentive Distribution Rights (often the General Partner) is receiving distributions at the highest marginal percentage (typically 48 percent, exclusive of the General Partner Interest), it is sometimes said that the holder is “in the high splits.” See Incentive Distribution Rights.

Word of the Day®

Abstract

a document showing the Encumbrances and Liens associated with a certain Property. The Abstract includes the names of all the Property owners and documents that affect the Property, such as Mortgages, Deeds, Covenants, restrictions, Property taxes, and the like.

Word of the Day®

R-squared

a measure of how a Hedge Fund's returns are correlated compared to the broader market. Zero (0) indicates no correlation; one (1) indicates perfect correlation; minus-1 indicates a perfect inverse correlation.

Word of the Day®

Active Learning (or Continuous Active Learning)

a type of machine learning in which an algorithm analyzes a document reviewer’s Coding decisions to predict and rank Coding outcomes for unreviewed data. A form of AI, Active Learning also efficiently sorts, prioritizes, and codes unreviewed data. Basically, Active Learning is lawyers leading machines and machines leading lawyers.

Word of the Day®

In each episode of Connected With Latham, we discuss ideas, developments, and trends shaping the global economy.

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