TRUST MERGER
\tɹˈʌst mˈɜːd͡ʒə], \tɹˈʌst mˈɜːdʒə], \t_ɹ_ˈʌ_s_t m_ˈɜː_dʒ_ə]\
Sort: Oldest first
-
Under a trust, the situation that occurs when the sole trustee and the sole beneficiary are the same person or institution. Then, there's no longer the separation between the trustee's legal ownership of trust property from the beneficiary's interest. The trust "merges" and ceases to exist.
By Oddity Software
Word of the day
dust storm
- a windstorm that lifts up clouds of dust or sand a windstorm that lifts up clouds dust or sand; "it was the kind of duster not experienced in years"