Examlex
If two bonds have the same maturity and the same expected rate of return,but one has a higher coupon,the price of the low coupon bond will be more affected by a given change in interest rates.
Life Tenant
An individual who has the right to use and benefit from a property during their lifetime, but does not own the property outright.
Trust Investment
A financial arrangement where assets are managed by one party for the benefit of another under a legally established trust.
Trust Instrument
A legal document that outlines the terms and conditions under which a trust operates, specifying how assets placed in trust are to be managed and distributed.
Corpus
The principal amount in a trust or estate as distinct from interest or dividends earned on that principal amount.
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