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
Modified collateral split dollar life insurance plan under which the employee purchases and owns a life insurance policy on the employee's own life. The employer makes the unscheduled ...
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Type of logic that makes the assumption that what has happened in the past will happen in the future, given the same conditions surrounding the two occurrences. In other words, "History ...
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