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What is a remainderman?
Qualified Profit-sharing Plan
A retirement plan that allows employees to share in the profits of their company, contributing to their retirement savings.
Positive Net Income
A financial situation where revenues exceed expenses, resulting in a net profit.
Not Taxed
A classification for income or transactions that are exempt from taxation.
Distributions
In financial contexts, distributions refer to payments made by a fund, account, or security to its shareholders or unit holders, which could include interest payments, dividends, or returns of capital.
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