ACTIVE TRUST
A trust wherein the trustee is held liable for additional responsibilities. With an active trust, the given additional responsibilities can be in terms of management or control of the trust, sale proceeds, collection of rent, profits; on simpler terms, the trust property's administration.
Also known as special trust.
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Accumulation Area
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Transaction
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2. In accounting, an event or condition aff ...
IRS Publication 596
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Depository Trust Company Tracking - DTCT
A service, used by underwriting firms, that provides a method of tracking the exact path of purchases and sales of newly issued securities.
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