Business / Finance / Revocable Trust: A trust that may altered as many times as desired in which income-producing property passes directly to the beneficiaries at the time of the grantor's death. Since the arrangement can be altered at any time, the assets are considered part of the grantor's estate and they are taxed as such.
Trust Noun Synonyms: confidence, reliance, faith, conviction, certitude, certainty, sureness, positiveness, assurance, belief
Business / Finance / Revisionary Trust: An irrevocable trust that becomes a revocable trust after a certain amount of time. MORE
Business / Taxes / Irrevocable Trust: An irrevocable trust is a legal agreement whose terms cannot be changed by the creator or grantor who establishes the trust without the consent of the beneficiary or beneficiaries. The trust document MORE
Health / Health Insurance / Sherman Antitrust Act: A federal act which established as national policy the concept of a competitive marketing system by prohibiting companies from attempting to (1) monopolize any part of trade or commerce or (2) engage MORE
Business / Finance / Spousal Remainder Trust: An individual retirement account in the name of an unemployed spouse. MORE
Business / Finance / Sprinkling Trust: A computer program that organizes numerical data into rows and columns in order to calculate and make adjustments based on new data. MORE