IRREVOCABLE INCOME-ONLY TRUST - IIOT
A living trust frequently used for Medicaid planning, which safeguards the assets of an individuals from being sold to pay for nursing home and other long-term care expenses, so that the assets can be inherited by the beneficiaries. Although the assets have certain restrictions, the grantor retains the right to any income yielded by the trust assets and use it as well.
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Liquidity Adjustment Facility
A tool in monetary policy where banks are allowed to borrow money through repurchase agreements, and to respond to liquidity pressures. The governm ...
Data Warehousing
Electronic storage of information in a business or corporation. It should be secure, reliable and easy to retrieve and manage. It originated in 198 ...
One-Tailed Test
A statistical test where the critical area of a circulation is one-sided so that it is either less than or greater than a specific value, but not b ...
Less-than-Truckload
A shipping service that carries small loads of freight, weight between partial and full truckload. The service is being offered by many large and n ...
Original Cost
It simply refers to the total cost associated in buying an asset.
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