CANCEL FORMER ORDER - CFO
An deal from the person who invest to a broker, to removed and call off the order that was placed earlier that has not yet been recorded. CFO or Cancel former order is used by an investor who has changed his or her decision regarding a securities deal that has not yet been performed or carry over and hopes to alter one or more of the order parameters, such as amount or price. By calling off the past order, a cancel former order guarantees that no order multiplication will happen if the client makes a new order for the similar security.
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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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