revocable trust
agreement whereby income-producing property is deeded to heirs. The provisions of such a trust may be altered as many times as the grantor pleases, or the entire trust agreement can be canceled, unlike irrevocable trusts.
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1/13/2011 5:59:02 AM 0.3438 Loan Dictionary - I group - Irrelevance Result, Irrelevant Cost, Irrevocability Date, Irrevocable Letter Of Credit, Irrevocable Trust, Irs, ...
Revocable Trust
A trust in which any of its provisions can be changed, or the trust itself can be canceled at any time by the grantor. The grantor receives income from the assets.
Revocable Trust. A trust, generally to hold income producing property, that may be changed or revoked at the will of the grantor.
Revocable trust
A revocable trust is a living trust that can be modified or revoked by the grantor, or person who establishes the trust and transfers property to it.
Revocable trust
A trust that may altered as many times as desired in which income-producing property passes directly to the beneficiaries at the time of the grantor's death.
Revocable trust. See Trust.
Rollover. A tax-free transfer of funds from one tax-deferred retirement savings plan to another. If you take possession of the funds, the money must be deposited in the new account within 60 days.
Irrevocable Trust
An irrevocable trust is a trust that once established, cannot be revoked, terminated, or changed in any way.
Irrevocable trust
An irrevocable trust is a legal agreement whose terms cannot be changed by the creator or grantor who establishes the trust without the consent of the beneficiary or beneficiaries.
Revocable Trust
A trust whereby provisions can be altered or canceled dependent on the grantor. During the life of the trust, income earned is distributed to the grantor, and only after death does property transfer to the beneficiaries.
An irrevocable trust that is designed to pay trust income (and principal, if needed) to an individual's spouse for the duration of the spouse's lifetime.
An irrevocable trust that pays income to one or more individuals until the death of the grantor. At this time, the balance of the trust passes to a designated charity on a tax-free basis.
ChFC
See Chartered Financial Consultant.
An irrevocable trust that pays income to a designated person or persons until the grantor's death, when the income is passed on to a designated charity.
An irrevocable trust that becomes a revocable trust after a certain amount of time.
Revocable letter of credit ...
A: An irrevocable trust is a trust, which, by its terms, cannot be modified, amended, or revoked. For tax purposes an irrevocable trust can be treated as a simple, complex, or grantor trust, depending on the powers listed in the trust instrument.
irrevocable trust A trust that cannot be amended, altered, or revoked. issuer A state, political subdivision, agency or authority that borrows money through the sale of bonds or notes.
Irrevocable trust A trust that is unable to be amended, altered, or revoked. Issue A particular financial asset. Issued share capital Total amount of shares that have been issued. Related: Outstanding shares.
Living Trust. Revocable trust, for reduction of probate costs and to expedite sale of assets upon death of grantor. Provides no asset protection.
A special form of irrevocable trust, usually created (settled) offshore for the principal purposes of preserving and protecting part of one's wealth offshore against creditors. Title to the asset is transferred to a person named the trustee.
Revisionary trust An irrevocable trust that becomes a revocable trust after a certain amount of time.
Charge off See: Bad debt Charitable remainder trust An irrevocable trust that pays income to a designated person or persons until the grantor's death, when the income is passed on to a designated charity.
inter vivos trust A revocable trust created while the donor is still alive, to hold property for... interbank market The Interbank Market is the market for currencies for Foreign Exchange - the...
Legal defeasance The deposit of cash and permitted securities, as specified in the bond indenture, into an irrevocable trust sufficient to enable the issuer to discharge fully its obligations under the bond indenture.
Minor's trust (2503c trust): An irrevocable trust that enables a grantor to keep principal and income in a trust for the benefit of a child until the child reaches age 21. Principal and income can be expended for the beneficiary.
The trust specifies how money or property will be disbursed, it lists the recipients or beneficiaries, and names one or more trustees to manage the assets. An irrevocable trust cannot be changed after the terms are finalized; ...
See also: Exemption Trust, Irrevocable Trust, Trustee, Unit Investment Trust, Unit Trust
? Mentioned in
Accumulation Unit
Blind Trust
Charitable Lead Trust
Charitable Remainder Trust
Collateral Trust Bond ...
In this video series, you will learn the basics about why you need to have a will, revocable trust, medical power of attorney and living will.
In-substance defeasance is when a borrower places assets into an irrevocable trust to be used in retiring debt.
Generation-Skipping Trust - An irrevocable trust designed to benefit a grandchild or someone two or more generations following the grantor.
Definition: [crh] The deposit of cash and permitted securities, as specified in the bond indenture, into an Definition: rrevocable+trust"irrevocable trust sufficient to enable the issuer to fully discharge its obligations under the ...
fees; dividend or automatic reinvestment plan fees; clerical help; the indemnity bond premium you'd pay to replace lost or missing securities; safe deposit box rent; custody fees for sponsored investment plans; trustee fees for revocable trusts; ...
Self-directed retirement accounts (such as IRAs): The balances in your self-directed retirement accounts are insured up to $250,000, provided that the money is in certificates of deposit or other bank accounts.
Revocable trust accounts (including ...
[citation needed] Another example is the legal infrastructure which allows life insurance to be held in an irrevocable trust which is used to pay an estate tax while the proceeds themselves are immune from the estate tax.
 See also: Irrevocable trust, LIBOR, Debt service, Limit Order, Liquidity ratio
  
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