CASH-VALUE LIFE INSURANCE
Life insurance policy which pays out upon the holder’s death and accumulates cash value over his lifespan. The policyholder may use the cash value as a tax-sheltered investment, because the fund can be borrowed to pay off premiums in the future, or it can be handed over to their inheritors. The three types of cash-value life insurance are whole life, universal life, and variable 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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