ISHIKAWA DIAGRAM
Diagrams that show the causes of a given event. It is frequently used in manufacturing and product development to sum up the several steps in a process, show where quality control issues might emerge, and figure out which resources are needed at specific times. Developed by Kaoru Ishikawa in 1960s, it is a method of gauging quality control processes in shipbuilding industry. Also called fishbone diagram and cause-and-effect diagram.
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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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