BAG MAN
Any individual in charge of collecting, transporting and organizing money, commonly in connection with illicit or illegal activities. A bag man is a person who delivers and collects money on behalf of an organization or boss. At present time, bag man can be used pejoratively to denote an individual who is in charge of delivering and collecting contributions to political funds or parties gathered for political purposes.
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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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