Revocable Trust

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.

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

Irrevocable Trust

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

Sherman Antitrust Act

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

Spousal Remainder Trust

Business / Finance / Spousal Remainder Trust: An individual retirement account in the name of an unemployed spouse. MORE

Sprinkling Trust

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

Trust Company

Business / Finance / Trust Company: A fiduciary relationship calling for a trustee to hold the title to assets for the benefit of the beneficiary. The person creating the trust, who may or may not also be the beneficiary, is called the MORE

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