GHETTO
Run-down urban area primarily inhabited by a sole minority group. They are frequently characterized by the following: high unemployment, broken families, gang activity, high crime, insufficient municipal services, high rates of dropout from school, widespread drug use, and absence of businesses. Due to their poor conditions, real estate value in these communities are usually way cheaper than in other areas.
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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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Student Loans: Repayment in Times of Financial Difficulty
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