LEVERAGED LOAN INDEX - LLI
A market-weighted index which follows the performance of institutional leveraged loans. This index can be a useful tool in evaluating the health of these institutional loan markets for it monitors spreads and interest payments. The Standard & Poor's and the Loan Syndications and Trading Association developed the most well-known leveraged loan index in 1997. It represents most of the institutional universe.
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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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