Business Terms and Jargon Explained

What is Discretionary Trust

A trust where no one individual has the right to be the beneficiary. The trustees have the power and to decide who benefits from the trust. They normally will have instruction depending on the date, circumstances and conditions that will decide who the beneficiary is.

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Warrant of distress Tugrik N244 Civil Court form
Leone Business Class LAN
Lek Corporate Officers Buy back
Ouguiya Intermediate Consumption Banking book
Gross interest Base58 Specific Legacy
Period Entry Single linking agreement Furlough
GTC Hedge Administrative Court
Abort fee Riel Declaration Date
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ERNIE Dominium Public Good
Residence Public company or public limited company In omnibus
Cost Unit CHIP and PIN Real Exchange Rate

Term created / updated 2013-10-07 12:26:58

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