SERIES E BOND
Series E Bond are accrual bonds issued at the 75% of the face amount where the interest must be paid at redemption as part of the redemption value. The Series E bond may be reported for Federal income tax in three instances regardless of which comes first: redemption of the Series E bonds, reaching final maturity, or disposal of the bonds. Series EE bond took the place of Series E bond in the year 1980.
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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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