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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Expected Utility
Economic term outlining an entity or aggregate economy is anticipated to reach under several circumstances. It is computed by getting the weighted ...
Production Volume Variance
The amount of fixed overhead costs that are not allocated to a product because actual production varies from budgeted production. Also known as fix ...
Statistical Significance
Statistical Significance is the low probability of random results due to association with a particular factor. The strength and weakness of statist ...
Open Offer
This secondary market offering gives shareholders a chance to buy stock at a price lower that the current market price. The objective of it is to r ...
Embezzlement
White-collar crime in which an individual misappropriates the assets entrusted to him. The embezzler obtains the assets lawfully and is given the a ...
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Retirement Planning: Creating a Nest Egg
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“How does inflation affect my investments?”
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