L
The fifth character in Nasdaq list of stock symbol that signifies a miscellaneous situation such as the following: foreign preferred, preferred when-issued, second class of units, third class of warrants, or sixth class of preferred stock. The symbol L denotes a subordinate issue like certificates of participation, preferred participation and stubs, representing a stock made up of the converted bonds of a derailed company.
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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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