Examlex
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Principal
The original sum of money borrowed in a loan or the initial amount invested, excluding any interest or dividends.
Testamentary Trust
A legal arrangement created as per the instructions in a will, allowing assets to be managed and distributed to beneficiaries after the grantor's death.
Living Person
An individual who is currently alive, as opposed to a deceased individual or a fictitious character.
Trustor
An individual or entity that creates a trust by placing assets under the control of a trustee for the benefit of a beneficiary.
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