DYNASTY TRUST
Long-term trusts made to pass wealth from one generation to another without paying transfer taxes including estate and gift taxes. The trust can survive for 21 years following the death of the last beneficiary who was alive when the trust was put up, which can last for over one century. Usually, the trust’s beneficiaries are the grantor’s children, and after the death of the last child, the holder’s great-grandchildren. The trustee controls its operation, which is assigned by the grantor. An irrevocable trust, once if is financed, the grantor won’t have any control over the assets or be allowed to amend its terms.
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Dual Exchange Rate
Situation in which a currency has a fixed official exchange rate and an illegal preset parallel exchange rate. Such rates are used in various situa ...
Individual Retirement Annuity
Retirement investment vehicle similar to an individual retirement account, except that an annuity contract must be purchased, which is subject to n ...
Bear Squeeze
An alteration in market conditions that pressures negative thinker investors trying to earn from diminishing amounts to buy back an investment at a ...
Recurring Revenue
It is the portion of the revenue of a company that is possible to continue in the future. This is revenue that is stable, foreseeable and may be co ...
Centralized Market
Financial market structure comprised of having all orders transferred to one central exchange without other competing market. Prices quoted on vari ...
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