CRUMMEY TRUST
Estate planning method used to take advantage of the gift tax exclusion when transferring assets and/or money to another individual, while setting limitations as to when the recipient can access the asset or mone. The trust allows a parent to make tax-free, lifetime gifts to his children as long as the amount does not exceed $13,000 annually per beneficiary. This cannot be accessed until the beneficiary reaches the age of 21.
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Tit for Tat
Game theory mechanism subject to a payoff matrix similar to a prisoner’s dilemma. Anchored on the concepts of retaliation and altruism, this ...
Nonsegregated Disclosures
Information that must be presented legally anywhere in a lease agreement. These are required by the Federal Reserve Board Regulation M. The lease a ...
Product Line
A series of related products which are all made or manufactured by the same company.
Behavioral Economics
The scientific study on how the mind thinks and how each person reacts as it relates to the process of decision making in economics of individuals ...
Infant-Industry Theory
A theory stating the emerging domestic industries must be protected against foreign competition until they become established and mature. In econom ...
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Digesting Financial Statements: Pension Plans
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Starting Your Own Small Business: Choosing What You Want to Sell
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Ethical Investing: Looking Into Ethical Investments
For studying socially responsible investments, the key word is ethics, of course.
View every corporate webs ...
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