SERIES HH BOND
Series HH Bond is a US government savings bond that is non-marketable and has a life of 20 years. Series HH bonds pays semi-annual interest dependent on a coupon rate that is locked in at a specified rate for the first half of the 20 years. After this, the US Treasury resets the remaining life of the bond. Series HH bonds’ interest are exempted from state and local taxes. It is not exempt from federal taxes.
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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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