ETF SPONSOR
Company or financial administrator which creates and regulates an exchange-traded fund (ETF). The sponsor will create the underlying index in which the ETF will be managed. Then, the selected securities for the fund will be delivered to the ETF by several institutional investors. In exchange, investors will receive creation units, huge blocks of ETF shares, 100,000 or more. The holders of the creation units will market individual ETF shares to retail traders through the open market or stock exchanges. Normally, the fund sponsor will trade only with the creation units and institutional shareholders, and won’t deal the shares directly with retail investors.
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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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