ACTUARIAL BALANCE
The result of the Social Security Trust Fund's current income rate minus the obligations of Social Security in the future. The Social Security Program was said to be in the state of actuarial balance, if the Social Security's summarized cross rate is inline with the summarized income rate for any provided valuation period.
Widely referred as the "solvency" of the Social Security System.
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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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