BERNARD ARNAULT
The founder, chairman, and CEO of luxury goods conglomerate LVMH. Born in 1949 in France, Forbes has named Arnault one of the richest people in the world, with an estimated 2010 net worth of $27.5 billion, and Time has named him one of the most influential people in the world. He has led the company through major expansions in countries around the globe.
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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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