Covenant mutual liquidating trust
A person named in a life insurance policy, annuity, will, trust, or other agreement to receive a financial benefit upon the death of the owner.
A beneficiary can be an individual, company, organization, and so on.
Shares, when sold, may be worth more or less than their original cost.
Investments seeking to achieve higher returns also involve a higher degree of risk. Please consider the investment objectives, risks, charges, and expenses carefully before investing.
A trust established for the benefit of a charitable organization.
A grantor who places money, securities, property, and other assets in a charitable remainder trust can designate an income beneficiary, even if it is the grantor herself, to receive payment of a specified amount (at least annually) from the trust.
The return and principal value of mutual funds fluctuate with changes in market conditions.
A buy-sell agreement is an arrangement between two or more parties that obligates one party to buy the business and another party to sell the business upon the death, disability, or retirement of one of the owners.
The difference between the sales price and the purchase price of a capital asset.
The net value of a company's assets, less its liabilities and the liquidation price of its preferred issues.
The net asset value divided by the number of shares of common stock outstanding equals the book value per share, which may be higher or lower than the stock's market value.
The amount that an insurance policyholder is entitled to receive when he or she discontinues coverage.