NIGERIAN SCAM
A type of mail and email that tries to have people sends money or disclosed banking account details based on false pretenses. Mails usually imply that someone has inherited a large sum of money and needs assistance in acquiring the funds. Those who fall for the scam will send the money requested and never see their money again. Most of the people who do this kind of fraud are located in Africa.
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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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The assets you select to invest in will depend on numerous factors, including your risk appetite and investment timeframe. The two primary factors ...
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Digesting Financial Statements: Long-Lasting Assets
Long-lived assets, also known as non-current assets, is any asset a company expects to keep for at least one year. Such assets are expected to boos ...
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