Examlex
Explain the economic concept of convergence.
Totten Trust
A form of revocable trust created during the trustee's lifetime where the funds in a bank account are payable on the trustee's death to a named beneficiary.
Holographic Will
A will entirely handwritten and signed by the testator.
Bank Deposit
A bank deposit involves placing money into a banking institution for safekeeping, with the funds typically available for withdrawal at a later date.
Legal Relationship
A connection between entities or individuals that is recognized and governed by law, such as contracts, familial ties, or partnerships.
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