LIBERTY BOND
A bond issued by the United States Government during World War I. Liberty bonds was used to finance the war effort in Europe. The bonds, sold under the same name, were reissued after the terrorist attacks on September 11, 2001. These bonds were used in rebuilding the "ground zero" and other damaged areas. The Congress-passed law that introduced the bonds still stands as the legislation, allowing the issuance of all US Treasury securities.
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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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