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Clever Vocabulary: associated words and phrases and phrases Trusts & cash annuity blind trust charitable trust covenant some thing to another person/some thing fund funding Keeping enterprise kitty mutual fund non-discretionary pension fund pension program slush fund aid syndic the Consolidated Fund trust fund trustee trusteeship device trust See far more final results »
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[ C ] a lawful arrangement where somebody or Firm controls assets and/or revenue for an additional individual or Group:
[countable, uncountable] (legislation) an arrangement by which a company or a gaggle of men and women has authorized control of funds or home which has been offered to someone, generally right up until that particular person reaches a certain age; an amount of money or residence that is certainly managed in this way
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Unfunded trusts may become funded upon the trustor’s death or remain unfunded. Given that an unfunded trust exposes assets to a lot of the perils a trust is created to stay away from, ensuring right funding is crucial.
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Charitable trust: An irrevocable trust that donates belongings while in the trust account to one 1trustbet or more charities.
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