SEC FORM 497K1
SEC Form 497K1 is also referred to as the Profiles for Certain Open-Ended Investment Companies Form. It means that SEC Form 497K1 is a filing whose purpose is for the submission of official copies of "Short Form Prospectus" for mutual funds that are open-ended under the Securities and Exchange Commission. The data gathered in SEC Form 497K1 include costs, risks, potential holdings, and an open-ended fund’s redemption procedures as it is sold to the public.
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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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