Which of the Following Is a Feature of a Charitable

question 7

Multiple Choice

Which of the following is a feature of a Charitable Remainder Annuity Trust?

• A)It is revocable.
• B)Payments to the beneficiary vary annually.
• C)It counteracts the effects of inflation.
• D)Additional contributions cannot be made to the trust property.

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Definitions:

Torque Converter Stator

A component within a torque converter that redirects fluid returning from the turbine to assist in providing torque multiplication.

Stall Speed

The lowest speed at which an aircraft can fly to maintain level flight, or in automotive, the RPM at which the torque converter transfers power from the engine to the transmission under full load.

Shift Points

Specific engine speeds at which an automatic transmission changes gears, maximizing performance or fuel efficiency.

Governed Rpm

The maximum engine speed set by a governor device, designed to prevent damage to the engine by limiting its operational speed.