Total Return Unitrust (tru)
Modification of the charitable remainder uni-trust through which the beneficiaries receive a specified percentage of the assets' value in the trust usually paid out on a quarterly basis. If the trust's assets earn a greater return than the amount being received by the beneficiaries, the excess amount earned remains in the trust to further accumulate. As the assets grow in this trust, the income to the beneficiaries will also become larger.
Popular Insurance Terms
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Portion of reinsurance premium received by the reinsurer that relates to the unexpired part of the reinsured policy. ...
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Expense listed on the Income and Expenditure accounting statement for the unexpired insurance policy owned. ...
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