A-B TRUST
This is the trust usually created by a married couple in order to minimize their estate taxes. In an A-B trust, when one of the couple dies, it will be divided into two. It is created when each of the couple places certain assets in their trust and naming any person, except the other spouse, as the final recipient or beneficiary of the asset. The name of the trust was derived from the fact the trust will be divided into two when the first spouse dies, therefore it will be the survivor’s trust or trust A, and the decedent’s trust or trust B.
POPULAR TERMS
Capital Commitment
Future capital payments that a firm has pledged to pay out on long-term assets over a particular time period. This also talks about the securities ...
Overwithholding
A term which refers to an excess amount of tax being withheld for an employee. It will be sent back as a refund to the taxpayer after he or she fil ...
Diluted Earnings Per Share - Diluted EPS
It is the measure of a company’s profits.
Covenant
Promise a firm made to an indenture or other formal debt agreement, stating some activities will or won’t be carried out. In finance, it freq ...
Gross Spread
Difference between the security price paid by the underwriter and the actual price charged to the public. The spread compensates the underwriters o ...
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