Testamentary Trust
Definition of "Testamentary trust"
Also called settlor. A trust created by a will starting upon the donor's death. It empowers a trust administrator to implement the terms of the trust.
Popular Real Estate Terms
Value that a speculator believes an investment will reach at some point in the future. ...
Discounted value of net cash receipts to be obtained from a property. The present value calculation includes consideration of annual cash inflows plus the disposal value. ...
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Federal agency that aids veterans of the armed forces. For example, it guarantees a home loan for up to a predetermined dollar amount or percentage of the loan balance, whichever is less. ...
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Roof sloping upward from all four sides of a building with the two longer sides of the roof forming a ridge in the middle. ...
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