MADEIRA ESCUDO
Former currency of Madeira, an island off the coast of Portugal. Madeira adopted the euro, together with Portugal, on January 1, 2002. The island is part of Portugal but has been an autonomous region since 1976. Being an autonomous region, it has its own government and legislature, and can make decisions on regional matters. It is the Portugal’s second highest GDP after Lisbon and a well-known EU tourist destination, maybe best known for its wine production. The escudo was also the old official currency of Portugal until it adopted the Euro.
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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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