BOWIE BOND
Asset-backed security using an intellectual property right as collateral. The copyright owner sells bonds that are serviced and redeemed from the generated revenue by selling the works. This was named after English musician David Bowie when he used the current and future revenue from 25 albums he recorded as collateral. Recorded before 1990s, its proceeds were used to acquire his old recordings. Upon creating the bonds, he lost royalties for the bond’s life.
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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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