BEACON SCORE
A unit count produced by the Equifax Credit Bureau to classify an individual's credit-capacity. Figure out through a complex algorithm are the credit scores or also called as beacon scores. These scores tell the lender the possibility of the borrower to repay the loan. The Beacon score was changed with the Pinnacle score, when NextGen FICO scores begun its used.
Numerical criteria associated in computing a Beacon score can contain latest account of debts, duration of an account, late payments and kinds of credit and new applications for credit.
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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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