is a "gate" a restriction or an allowance?
There seem to have two antipodal definitions given by CAIA institute for the term “gate(s)”.
In chapter 13, gates is defined as “fund restrictions on investor withdrawals” on page 313 of the level 1 book 3rd edition.
Then again in chapter 31, CAIA defines the term again on page 840. “A gate is a provision describing the terms under which investors may withdraw funds.”
So one definition is a restriction to withdraw fund, the other definition is essentially the opposite of restriction.
which is correct?