LEVEL-PREMIUM INSURANCE
A term life insurance policy in which the premium remains the same throughout the duration of the contract. The premium an individual paid for level-premium insurance will be higher at the early years of the contact, but will be lowered towards the end of its life, compared to term policies with rising premium rates. Meaning at the end of the term, the premium is smaller than other policies with the same coverage.
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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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