Bank trust department

Definition:

Bank department that deals with estates, administers trusts, and provides services such as estate planning advice to its clients.

Investing Essentials


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

Term of the Day

Fully depreciated

An asset that has already been charged with the maximum amount of depreciation allowed by the IRS for accounting purposes.

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