In economics, capital is defined as anything that gives or creates value for the business or individual that owns it, which is a fairly broad term. In practice, economists and business owners often use the term capital to refer to the money and financing a business has to pay for its oper...
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A trust fund is a legal arrangement in which a person or institution (the trustee) holds and administers property, estate, or assets for the benefit of another person or group (the beneficiaries). The trustee has the legal authority to manage the trust assets in accordance with the terms an...
Q: Do I have to pay income tax on the money I receive from the trust? A: The type of trust will determine who pays the income tax on its income and capital gains. It may be the grantor, the trust or the beneficiary. Talk to your tax advisor regarding how the trust and distribution...
What is a trust fund?Trust fund:A trust fund is a tool that involves a beneficiary, grantor, and trustee. Trust fund assets involve cash and properties of the involved party.Answer and Explanation: Become a member and unlock all Study Answers Start today. Try it now Create an account ...
cut off:停止提供(水,电,燃气,物品或资金等等)柯林斯英语释义:To cut off a supply of something means to stop providing it or stop it being provided.例句:The rebels have cut off electricity from the capital.叛军切断了首都的电力供应。His company is preparing to shut down in the event that ...
A trust is a legal vehicle that allows a third party, a trustee, to hold and direct assets in a trust fund on behalf of a beneficiary. A trust greatly expands your options when it comes to managing your assets, whether you’re trying toshield your wealth from taxesor pass it on to ...
Social capital allows a group of people to work together effectively to achieve a common purpose or goal. It allows a society or organization, such as acorporationor anonprofit, to function together as a whole through trust and shared identity, norms, values, and mutual relationships. Put simpl...
A trust receipt is a financial document attended to by a bank and a business that has received delivery of goods but cannot pay for the purchase until after theinventoryis sold. In most cases, the company's cash flow and working capital may be tied up in other projects and business operat...
The entity that sets up a trust is called a trustor. Also called a grantor or settlor, this individual hands over the fiduciary duty to another individual or firm.2This party is referred to as thetrustee. Both parties meet to determine the formation and details of a trust. Trusts are lega...