Tag: planning
Incentive Trust
DefinitionIn American estate planning parlance, an incentive trust is a trust designed to encourage or discourage certain behaviors by using distributions of trust income...
Impact Fee
DefinitionAn impact fee is a fee that is imposed by a local government within the United States on a new or proposed development project...
Immediate Beneficiary
What is an immediate beneficiary
An immediate beneficiary is a person or entity who receives benefits from a trust or other financial arrangement immediately, as...
National Currency
What is 'National Currency' The currency or legal tender issued by a nation's central bank or monetary authority. The national currency of...
Named Beneficiary
What is 'Named Beneficiary' This term refers to any beneficiary named in a will, a trust, an insurance policy, pension plan accounts,...
National Association Of Estate Planners And Councils (NAEPC)
What is the NAEPC
The National Association of Estate Planners & Councils (NAEPC) is a professional organization that provides education and resources for estate planning...
Narrow Basis
What is 'Narrow Basis' A condition found in futures markets in which the spot price of underlying commodities is close to the...
On Account
What does 'On Account' mean On account is an accounting term that denotes partial payment of an amount owed or the purchase/sale...
One-Child Policy
DefinitionThe one-child policy, a part of the family planning policy, was a population planning policy of China. It was introduced in 1979 and began...
Managerial Accounting
DefinitionIn management accounting or managerial accounting, managers use the provisions of accounting information in order to better inform themselves before they decide matters within...