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Which of the Following Is NOTrequired to Create a Valid

question 20

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Which of the following is NOTrequired to create a valid trust?


Definitions:

Net Earnings

The amount of income left after deducting all expenses, taxes, and costs from gross revenue.

Continuous Future

A futures contract that amalgamates several expiry contracts to create a continuous, extended trading period for investors.

Apple Computer

A technology company that designs, manufactures, and markets consumer electronics, software, and services, well-known for products like the iPhone and MacBook.

Stock Holdings

The portfolio of stocks or shares owned by an individual, institution, or entity, representing investment or ownership interest.

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