Tag: trustee
Official Committee Of Equity Security Holders
DefinitionAn Official Committee of Equity Security Holders is a group of shareholders formed to represent a larger group of shareholders' interests in a company's...
Absolute Beneficiary
What is 'Absolute Beneficiary' A designation of a beneficiary that can not be changed without the written consent of that beneficiary. Also...
Qualified Trust
What is 'Qualified Trust' A tax-advantaged fiduciary relationship between an employer and an employee in the form of a stock bonus, pension,...
Wasting Trust
What is 'Wasting Trust' A trust that holds plan assets when a qualified plan is frozen. A "wasting trust" derives its name...
Wage Earner Plan (Chapter 13 Bankruptcy)
What is the Wage Earner Plan (Chapter 13 Bankruptcy)?
The Wage Earner Plan, also known as Chapter 13 bankruptcy, is a repayment plan for individuals...
Generation-Skipping Trust
What is a 'Generation-Skipping Trust' A generation-skipping trust is a type of legally binding trust agreement in which the contributed assets are...
Qualifying Domestic Trust (QDOT)
Qualifying Domestic Trust (QDOT) What is 'Qualifying Domestic Trust - QDOT' A type of trust that allows taxpayers who are not...
Land Trust
DefinitionThere are two distinct definitions of a land trust... Land Trust What is 'Land Trust' A legal agreement where a trustee is...
A-B Trust
What is 'A-B Trust' A trust created by a married couple with the objective of minimizing estate taxes. An A-B trust is...
Rabbi Trust
What is 'Rabbi Trust'
A rabbi trust is a type of trust that is typically used by employers to hold retirement benefits for their employees....