UPSTAIRS DEAL
Upstairs Deal is a type of business agreement created under the the upper managements knowledge. This deal is usually unknown and does not concern the lower-level employees unless it has been decided to be announced publicly. The term upstairs deal was derived from the fact that the upper management usually have their offices in the higher floors of the company building. Upstairs deals between two companies usually end up in friendly takeovers.
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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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