FASB 157
This an abbreviation for Financial Accounting Standards Board. Its statement requires all publicly-traded companies in the United States to classify their assets. It helps investors and regulators to understand how accurate a company's asset estimates are. There are three levels of assets: the first level is the easiest one to be estimated and the third level is the most difficult.
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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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