PARTIALLY CONVERTIBLE DEBENTURE - PCD
PCD is a type of convertible debenture where partial of is redeemed by the issuing company after a definite period of time and partial of it is convertible into equity at the end of the stated period. The ratio of conversion for the partially convertible debenture is decided by the issuer when the debenture is issued.
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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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