ABEYANCE
An event wherein the rightful owner of an office, property or title is still to be concluded. Abeyance usually occur when the current holder or owner did not declare a single current beneficiary. As an alternative, the way of determining the new owner is through the result of a particular event at some time in the future. The ownership of the office, property or title is left vacant as a result. The word abeyance is derived from "abeance", an old french word which means a gaping or longing, with future expectation.
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Target Return
Pricing model used in valuing a business based on what an investor expects from any capital invested in the firm. It is computed by adding the amou ...
Remainder Man
An individual who receives the remaining principal in a trust account after all required payments have been made, such as those to the beneficiary ...
Average Collected Balance
The total average of the collected funds in a bank account in a month. The balance is calculated by adding the collected balance and dividing it by ...
Bankable Funds
Forms of payment that are accepted at financial institutions. Retailers and other organizations that directly accept payments from customers typica ...
Prudent-Person Rule
A legal maxim that restricts the discretion in a client's account to investments that a prudent person seeking reasonable income and preservati ...
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