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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Unissued stock Ademption Intranet
Media kit Tax Year FOTRA
Signature Quasi-judicial functions Capital
Services Cheque Clearing Forum
Bona vacantia Agricultural property Intermediate Output
Lord Chief Justice Redemption REDS
Executor Gain Traction Carbon Tax
Accounting method Weak dollar Exchange rate risk
Debtors AGM BOGOFF
Repo Confirmation of Verbal Agreement PRODCOM
Call to Action Million Karat
Compounded Settlement Brainstorm In situ
Write-off Accounting reference date Factum

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

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