trust accounting
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Accounting scandals — Accounting scandals, or corporate accounting scandals, are political and business scandals which arise with the disclosure of misdeeds by trusted executives of large public corporations. Such misdeeds typically involve complex methods for… … Wikipedia
accounting — ac·count·ing n 1: an often court ordered presentment or examination of accounts a complete accounting would be necessary to determine the nature of the expenditures Case & Comment 2: the settlement by judicial action of the assets of a… … Law dictionary
Trust in Luton — is a registered Industrial and provident society which acts as the supporters trust for fans of the English football team Luton Town. External links* [http://www.trustinluton.org/ Trust in Luton website] What is a supporters trust?A democratic… … Wikipedia
trust fund recovery penalty — (TFRP) A penalty from the IRS for not paying trust fund taxes, which are taxes a company withholds from an employees paycheck, including Social Security and Medicare taxes and federal income (withholding) taxes. This penalty can be assessed… … Law dictionary
trust fund taxes — Taxes a company withholds from an employees paycheck, including Social Security and Medicare taxes and federal income (withholding) taxes. A trust fund recovery penalty can be assessed when a business doesn t pay these taxes to the Internal… … Law dictionary
Trust-preferred security — A trust preferred security is a security possessing characteristics of both equity and debt issues. A company creates trust preferred securities by creating a trust and issuing debt to the new entity, while the trust issues the trust preferred… … Wikipedia
Trust law — In common law legal systems, a trust is an arrangement whereby property (including real, tangible and intangible) is managed by one person (or persons, or organizations) for the benefit of another. A trust is created by a settlor, who entrusts… … Wikipedia
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
Trust company — A trust company is a corporation, especially a commercial bank, organized to perform the fiduciary functions of trusts and agencies. It is normally owned by one of three types of structures: an independent partnership, a bank or a law firm, each… … Wikipedia
trust company — a company or corporation organized to exercise the functions of a trustee, but usually engaging also in other banking and financial activities. [1825 35, Amer.] * * * Company, often a commercial bank, acting as trustee for individuals and… … Universalium
Trust Preferred Securities - TruPS — A security similar to debentures and preferreds that is generally longer term, has early redemption features, makes quarterly fixed interest payments, and matures at face value. TruPS have been created by companies for their favorable accounting… … Investment dictionary
