LEAD BANK
An investment bank that oversees the process of underwriting a security and responsible for the scheme of loan syndication. This bank is paid an additional fee for the extra services, which includes recruiting members and arranging the financing terms. Also, it serves as an agent capacity for an underwriting syndicate in the eurobond market.
They are also referred to as lead manager or managing underwriter.
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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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