Account in trust

Definition:

Account managed by the account holder for another person, called the beneficiary. For example, an account opened by parents to give money to their minor children.

Investing Essentials


Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University

Term of the Day

Gross profit margin

Gross profit divided by sales, which is equal to each sales dollar left over after paying for the cost of goods sold.

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