LAWRENCE KLEIN
An American economist who received the 1980 Nobel Memorial Prize in Economics for his studies about econometrics and creating of computer models, which was widely-used by fellow economists. Aside from econometrics, a combination of statistics and economics to predict trends, he also focused on macroeconomics.
He also received the John Bates Clark Medal and became the chief economic advisor of former US President Jimmy Carter.
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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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