EURO INTERBANK OFFER RATE - EURIBOR
Rates offered to prime banks on euro interbank term deposits. It is based on average interest rates formed by a panel of about 50 European banks or panel banks lending and borrowing to each other in the market. The maturity varies from one week to one year. Its rates are considered amog the most significant in the European money market.
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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