- limited-life trust
- A trust which has been set up for a limited period, after which it will be wound up.
Financial and business terms. 2012.
Financial and business terms. 2012.
Life insurance — The foundation of life insurance is the recognition of the value of a human life and the possibility of indemnification for the loss of that value. F. C. Oviatt, Economic place of insurance and its relation to society[1] Life insurance is a… … Wikipedia
trust — n 1 a: a fiduciary relationship in which one party holds legal title to another s property for the benefit of a party who holds equitable title to the property b: an entity resulting from the establishment of such a relationship see also… … Law dictionary
LIFE (pro-life organization) — LIFE is a UK based pro life caring and educational charity (Registered National Charity No. 274144), founded in 1970 by Professor Jack Scarisbrick and his wife Nuala in response to the Abortion Act 1967, which introduced legal abortion to… … Wikipedia
Voting Trust Certificate — A certificate issued by the limited life trust of a corporation established to limit the control of a corporation to a few individuals. A voting trust certificate is issued to a stockholder in exchange for their common stock, and represents all… … Investment dictionary
life estate — see estate 1 Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. life estate … Law dictionary
trust — A legal entity created by a grantor for the benefit of designated beneficiaries under the laws of the state and the valid trust instrument. The trustee holds a fiduciary responsibility to manage the trust s corpus assets and income for the… … Black's law dictionary
Life Sciences — ▪ 2009 Introduction Zoology In 2008 several zoological studies provided new insights into how species life history traits (such as the timing of reproduction or the length of life of adult individuals) are derived in part as responses to… … Universalium
life — That state of animals, humans, and plants or of an organized being, in which its natural functions and motions are performed, or in which its organs are capable of performing their functions. The interval between birth and death. The sum of the… … Black's law dictionary
life — That state of animals, humans, and plants or of an organized being, in which its natural functions and motions are performed, or in which its organs are capable of performing their functions. The interval between birth and death. The sum of the… … Black's law dictionary
Life estate — A life estate is a concept used in common law and statutory law to designate the ownership of land for the duration of a person s life. In legal terms it is an estate in real property that ends at death. The owner of a life estate is called a… … Wikipedia