Living Trust: An arrangement in which a property owner (trustor) transfers assets to a trustee who assumes specified duties in managing the asset. After payment of operating expenses and trustees fees, the income generated by the trust property is paid to or used for the benefit of the designated beneficiary.

 

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Living Trust: An arrangement in which a property owner (trustor) transfers assets to a trustee who assumes specified duties in managing the asset. After payment of operating expenses and trustees fees, th . . . View Full Definition

Revocable Trust: A revocable trust is a living trust that can be modified or revoked by the grantor, or person who establishes the trust and transfers property to it. The trust can be a useful estate-plannin . . . View Full Definition

Sherman Anti-Trust Act: The 1890 law is considered the foundation of federal anti-monopoly policy. Passed partly as an outgrowth of congressional investigations into alleged price collusion among large meat packers . . . View Full Definition

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 ( . . . View Full Definition

Rural Development Trust Fund: Authorized under the FAIR Act of 1996 the trust fund is used to distribute Rural Community Assistance Program funds. Funds are allocated among states based on such factors as rural populatio . . . View Full Definition

Sprinkling Trust: A computer program that organizes numerical data into rows and columns in order to calculate and make adjustments based on new data.

The art of Living: Dr. Ho'o's definition of Tai Chi Chuan

Testamentary Trust: A trust established by will.

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

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