BEAR STEARNS
A financial institution based in New York City that breaks down during the recession crisis in 2008. The fall of Bear Stearns was the outcome of the company's exposure to other securitized debt markets and collateralized debt obligations (CDOs), which it had become overleveraged in. The company was bought by JP Morgan Chase at a half of its former market capitalization.
POPULAR TERMS
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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