GEORGE A. AKERLOF
American economist and professor who received the 2001 Nobel Prize in Economics, along with fellow economists Michael Spence and Joseph Stiglitz, for analyzing the markets using asymmetric information, as stated in his well-known The Market for Lemons paper. The paper denotes imperfect information in the market for used cars. He is also popular for his efficiency wage hypothesis, implying the wages are known by the efficiency goals of employers aside from supply and demand forces.
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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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