SPONSOR
A sponsor, in the financial industry, may be one of three definitions. First, in the field of stocks, he or she is an influential investor that has the power to create a demand for a security because he or she thinks it is good investment. Second, in the field of mutual funds, it is an underwriting company that has mutual fund shares to offer. Third, in the field of exchange-traded funds, he or she is the an entity that manages the regulatory materials to comply with the SEC for the creation of the ETF.
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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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