MASS MARKET RETAILER
A firm that sells reasonably priced products that is appealing to various consumers. Mass market retailers are not known for selling durable and high-quality merchandise, or having customer service beyond compare. But these retailers meet customers’ needs and wants at affordable prices. Some examples of mass market retailers include big box stores Best Buy, Sam's Club, and Target, as well as clothing brands Gap and Levi Strauss, and online retailers like Amazon. Supermarket, drugstore, mass merchandise, and warehouse chains are also considered mass market retailers.
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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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