A (First-, Second-, Third-) Tier Distribution Is One That the Trust

question 121

Short Answer

A (first-, second-, third-) tier distribution is one that the trust agreement requires to be made by the trustee to the income beneficiary.

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Definitions:

Coefficient of Multiple Correlation

A measure used in multiple regression analyses to assess the strength of the relationship between multiple independent variables and a single dependent variable.

Partial-Regression Coefficient

A measure in multiple regression that represents the change in the dependent variable for a one-unit change in a specific explanatory variable, holding all other explanatory variables constant.

Regression Analysis

A statistical method for modeling the relationship between a dependent variable and one or more independent variables, used to predict outcomes and trends.

Independent Variables

Variables in an experiment or statistical model that are manipulated or categorized to observe their effect on the dependent variable.