BRIDGE BANK
Bank authorized to manage the assets and liabilities of an insolvent bank. The institution is responsible for continuing its operations until it finds a buyer or liquidates its assets. Delegated to either a national bank or a federal savings association, the Federal Deposit Insurance Corporation (FDIC) charters or appoints the bridge bank.
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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After choosing the best location of your new house, it is about time to decide on the home that you want. Basically, there are three types of homes ...
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