Dealer Trust

Business / Agriculture / Dealer Trust: The Packers and Stockyards Act includes provisions aimed at protecting the financial interests of livestock and poultry producers. Under the act, the inventories and accounts receivable of a packer or live poultry dealer - but not livestock (e.g., cattle, pigs, sheep) dealers such as auction houses - must be held in trust for unpaid cash sellers when the packer or poultry dealer fails to pay due to bankruptcy or other financial difficulty. In such situations, the seller is to be paid with these assets before other creditors. USDA for several years has been seeking an amendment to the act extending this protection to those who sell to livestock dealers, which, the Department says, have caused a significant amount of unrecoverable losses for livestock producers.

Other Words for Dealer

Dealer Noun Synonyms: trader, businessman, businesswoman, merchant, tradesman, retailer, shopkeeper, vendor, merchandiser, wholesaler, jobber, distributor, stockist, supplier, broker, agent, salesman, storekeeper
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Other Words for Trust

Trust Noun Synonyms: confidence, reliance, faith, conviction, certitude, certainty, sureness, positiveness, assurance, belief
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Revisionary Trust

Business / Finance / Revisionary Trust: An irrevocable trust that becomes a revocable trust after a certain amount of time. MORE

Resolution Trust Corporation (RTC)

Business / Finance / Resolution Trust Corporation (RTC): A government agency established in 1989 and disbanded in 1996 that administered federal savings and loan institutions that were insolvent between 1989 and August 1992 by either bailing them out or mer MORE

Resolution Trust Corporation

Business / Real Estate / Resolution Trust Corporation: The organization created by FIRREA to liquidate the assets of failed savings and loan associations. MORE

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