ADVANCE-DEPOSIT WAGERING - ADW
A kind of gambling on the results of horse races wherein a prior funding of the account is needed before the bettor is allowed to place bets. The ADW is commonly performed by online or by phone. Contrary to an ADW, advance funding is allowed by credit in which the accounts must be resolved at the end of the month. State governments, horse trainers, and racetrack owners sometimes receive share of the revenues from ADW.
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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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