Which of the Following Would Not Be Considered a Split-Interest

question 30

Multiple Choice

Which of the following would not be considered a split-interest agreement,according to the Not-for-Profit Guide?

• A) Charitable remainder trusts.
• B) Permanent income-sharing agreements.
• C) Charitable gift annuities.
• D) Pooled (life) income funds.

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Definitions:

Prospectus

A formal legal document that is required by and filed with securities regulatory bodies to provide details about an investment offering for sale to the public.

Broker

An individual or firm that acts as an intermediary between buyers and sellers, typically in financial or real estate transactions, facilitating deals in exchange for a commission or fee.

Share Options

Rights granted by a company to its employees or directors to buy shares in the company at a fixed price for a limited period.

Exercise Price

The price at which an option holder can buy (call option) or sell (put option) the underlying asset or security by a predetermined date.