BABY BERKSHIRE
It refers to the stock split (50:1) after the Jan. 20, 2010 closing of the market of the Class B Shares by the Berkshire Hathaway. Because of this split, it decreased the price of each share. When the market closed, $3,466 was the Berkshire Class B Shares trading price. It is the result of the acquisition of Berkshire of the Burlington Northern Sante Fe.
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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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