MBS POOL NUMBER
A digit or alphanumeric character designated to a mortgage-backed security by the issuer that serves as an identifier of the particular security. MBS Pool Number usually has six digits. Issuers use diverse alphanumeric characters as the starting digit in the pool numbers in order to distinguish that pool as their issue. For instance, a Freddie Mac 40-year pool number might be E54821, while a Fannie Mae 35-year pool number could be D54821.
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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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