TRUST COMPANY
Entity acting as a fiduciary, trustee, or agent for individuals and businesses in administering, managing, and transferring of assets to a beneficiary. This organization serves as a custodian for trusts, custodial arrangements, estates, asset management, beneficial ownership registration, stock transfer, and other related arrangements. Although the trust company does not own the assets they manage, it may assume certain legal obligation in administering these assets on behalf of other parties.
POPULAR TERMS
Mature Economy
An economic situation where the birth rate is stable or lower than mortality rate, as well as the pace of economic growth has slowed down. It is ch ...
Blackberry Addiction
Colloquial term for overreliance or overuse of Blackberry. The smartphone is manufactured by Research in Motion. It is a prevailing condition for s ...
Completed Contract Method - CCM
Accounting method allowing a taxpayer or business to defer reporting of income and expenses until the contract has been completed. Frequently, this ...
Choice Market
Market in which the spread between the bid and ask prices for a particular financial instrument is zero. Meaning the instrument can be purchased fo ...
Rational Pricing
A theory that states the prices that reflect a security’s fundamental value and the absence of arbitrage opportunities.
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