AT A DISCOUNT
This particularly points to a stock which is sold for lower than its par or nominal value. At a discount also connotes to stocks or other securities that are sold beneath the present market value, the same to a sale on goods at a retail establishment.
The par or nominal value for a security, specified in the company charter, is the lowest price that a stock of a specific class can be sold after an initial public offering. Majority of states have laws restricting companies from issuing stocks at a price less than par.
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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
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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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