KIWI BOND
A retail bond issued by corporations and governments in New Zealand that is offered directly to the public. Its citizens can get application forms and investment statements from the New Zealand Debt Management Office (NZDMO) Registry, and also in some of the nation’s registered banks, firms, brokers, chartered accountant, solicitors, and investment advisors and brokers.
These bonds are denominated in New Zealand Dollars and has a fixed interest rate, which is paid in arrears quarterly.
POPULAR TERMS
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 ...
POPULAR ARTICLE
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A Primer on Retirement Planning
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