CLIFFORD TRUST
US living trust allowing grantors to transfer assets that generate income into the trust and then claim back those assets once the trust expires. The trusts cannot last for less than 10 years and one day. Initially, these were commonly used as an effective and legal way to avoid huge tax expenses. The trust holder would move his assets to a trust then a recipient would claim it, who would be subject to a lower marginal tax rate.
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Investment agreement provision protecting a minority stakeholder, normally in a venture capital deal. If a majority shareholder sells his or her st ...
Fiduciary
An individual who is legally appointed to hold assets in trust for another person. He or she manages the assets for the other person’s benefi ...
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A mortgage with a loan amount that exceeds the conforming loan limits fixed by the Office of Federal Housing Enterprise Oversight (OFHEO). The agen ...
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A document that needs to be filed with the SEC when there is a material change in the company insiders’ holdings. Directors and officers of t ...
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