Definition of "high-water" []

• Pertaining to water at its highest achieved level; of or pertaining to high water. (adjective)

Gnu Collaboartive International Dictionary of English: licensed under The Code Project Open License (CPOL)

• "In the third quarter of 2009, Mr. Huttenlocher surpassed his so-called high-water mark, the point at which investment gains make up for investors' losses, allowing the fund to resume charging fees on investment profits, according to people familiar with the matter and fund-related documents."
• "Brencourt passed the so-called high-water mark, the point at which investment gains make up for investors' losses, allowing the hedge fund to resume charging performance fees."
• "The fund, named after 1980s founders Michael Adam, David Harding and Martin Lueck, which tries to make money following market trends, has returned 1.5 percent so far this year, leaving it around 5 percent away from its so-called high-water mark, above which it can earn lucrative performance fees."