LIVING TRUST A foundation that was created during the duration of the scholarship and is in effect. Also called inter vivos Trust. TRUSTEE The person or institution that manages the property is trusted. ACCORD Mutual understanding and intent between two or more parties. The writing or instrument, which is proof of an agreement. (Although the agreement is often used as a synonym for a contract, the agreement is a broader clause.) CONSPIRACY An arrangement of two or more persons to commit an illegal act in criminal law, Conspiracy is a separate offence from the offence that is the subject of conspiracy. CONTRAT A legally binding agreement between two or more competent parties, orally or in writing. GENERAL ASSIGNMENT The voluntary transfer of all assets by a debtor to an agent for the benefit of all its creditors. BENEFICIARY Someone who has been designated to obtain property or benefits in a will. In a trust, a person who must get benefits from the Treuhand. FOR-OVER WILL A will that leaves some or all property to a trust created before the death of the will maker.
PROSTITUTION The benefit or agreement to perform a sexual act for rent. SETTLEMENT An agreement between the parties that prescribes what is received from one party to another. SOUTIEN TRUST A fiduciary company that orders the agent to spend only the amount of income and capital (assets held in the trust) only necessary to assist the beneficiary. SETTLOR The person who establishes a trusted person. It is also called Grantor. IRREVOCABLE TRUST A position of trust that grantor must not revoke after its creation. CONTRAT Agreement between lawyers on both sides of a civil or criminal proceeding on one aspect of.B the case, for example, the extension of speaking time, the postponement of the trial date or the recording of certain facts during the hearing. SPENDTHRIFT TRUST A fiduciary company created for the good of a person whom Grantor believes would not be able to manage his or her own financial affairs. DISSENT oppose it. A notice of appeal that sets out the minority opinion and outlines the disagreement of one or more judges with the majority`s decision. TRUST A legal body for the management of real or personal property set up by one person (the granted or the settlor) for the benefit of another person (the beneficiary).