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The concept gained more mainstream attention by late 2012 during the debates over the United States fiscal cliff negotiations and renewed debt-ceiling discussions. A type of compensation structure that hedge fund managers typically employ in which part of compensation is performance based. 420, , or 4/20 (pronounced four-twenty) is a code-term that refers to the consumption of cannabis, especially smoking cannabis around the time p.m./a.m. The term was adopted by Duke University psychologist J. Rhine to denote psychic abilities such as telepathy, clairaudience, and clairvoyance, and their trans-temporal operation as precognition or retrocognition.

More specifically, this phrase refers to how hedge fund managers charge a flat 2% of total asset value as a management fee and an additional 20% of any profits earned. It is the natural number following 2 and preceding 4. (or in 24-hour notation) and smoking and celebrating cannabis on the date April 20 (which is 4/20 in U. ESP is also sometimes casually referred to as a Sixth Sense, gut instinct or hunch, which are historical English idioms , other than the five senses of sight, hearing, touch, taste, and smell.

The 24-Hour Clock is a convention of time keeping in which the day runs from midnight to midnight and is divided into 24 hours, indicated by the hours passed since midnight, from 0 to 23.

This system is the most commonly used time notation in the world today, and is the international standard (ISO 8601) notation for time of day.

The number of musicians who have died at this age and the circumstances of many of those deaths has given rise to the idea that premature deaths at this age are unusually common.

It is also the first of the teens the numbers 13 through 19 the ages of teenagers.

Unlucky 13: the number 13 is considered to be an unlucky number in some countries; Friday the 13th has been considered the unluckiest day of the month; at Jesus Christ's last supper, there were thirteen people around the table, counting Christ and the twelve apostles; on Friday the 13th of October, 1307, King Philip IV of France ordered the arrest of the Knights Templar. The Nineteenth Hole is a slang term used in golf, generally referring to a pub, bar, or restaurant on or near the golf course, very often the clubhouse itself.

According to Matthew 6 Jesus says that any "laborer" who accepts the invitation to the work in the vineyard (said by Jesus to represent the Kingdom of Heaven), no matter how late in the day, will receive an equal reward with those who have been faithful the longest. 13 (thirteen) is the natural number following 12 and preceding 14.

It is the smallest number with eight letters in its name spelled out in English.

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In religion: there are three main Abrahamic religions: Christianity, Islam, and Judaism; many world religions contain triple deities or concepts of trinity, including: the Christian Holy Trinity; three people (including Jesus) were crucified at the Crucifixion; the three Theological virtues referred to 1 Corinthians 13; in Roman Catholicism, a group of three martyrs, collectively known as Faith, Hope and Charity (named after the Theological Virtues); also in Roman Catholic doctrine, there are three realms of the afterlife: Heaven, Hell and Purgatory (Limbo is regarded as hypothetical); the three members of the Holy Family: Jesus, Mary, and Joseph; the Wise Men who visited Jesus after His birth left Him three gifts; the Hindu Trimurti and Tridevi; the Three Jewels of Buddhism; the Three Pure Ones of Taoism. 7 (seven) is the natural number following 6 and preceding 8; 7 oceans; 7 seas; Atomic Number 7: a common nonmetallic element that is normally a colorless odorless tasteless inert diatomic gas; constitutes 78 percent of the atmosphere by volume; a constituent of all living tissues; T. Lawrence's 7 pillars of wisdom; William Shakespeare's 7 ages of man: infant, schoolboy, lover, soldier, justice, pantaloon, and second childhood, "sans teeth, sans eyes, sans taste, sans everything"; Classical antiquity: 7 emperors: Julius Caesar, Augustus, Galba, Hadrian, Nerva, Sallust and Vespasian; 7 hills of Rome; 7 liberal arts and 7 wonders of the ancient world.