LIMITED PURPOSE TRUST COMPANY
A state chartered trust company designed to perform some trust functions such as acting as depositor and safekeeping mortgages and securities for a firm or financial institution. Its activities are only limited to performing any actions needed or incidental for executing its powers. The Participants Trust Company and Depository Trust Company in New York are some examples of a limited purpose trust companies.
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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 su ...
C&I
Loan made to a business or company, not to an individual, which provides either working capital or finances key capital expenditures. Usually short ...
Hypermarket
Hypermarket is a combination of a department store and a grocery supermarket. A hypermarket offers various products like clothing, groceries, and a ...
Assets Under Management
The asset's market value which an investment company handles on behalf of investors. Assets Under Management (AUM) is perceived as a scale of s ...
Business Income Coverage Form
Insurance policy which covers a loss of income a firm incurs due to a slowdown or temporary suspension of its operations because if damage to its p ...
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Fixed interest rates.
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