KARL ALBRECHT
The German billionaire who owns Aldi Sud, a self-made discount supermarket chain. According to Forbes, he is one of the richest people in the world. The supermarket chain has 4,600 stores in 9 countries. In the US alone, there are 1,200 locations in its 32 states. Lidl, another German discount supermarket, is the biggest competitor of Aldi.
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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
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