Institutional Trust Does Not Require Much Management

question 36

True/False

Institutional trust does not require much management.

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Definitions:

Bank

A financial institution licensed to receive deposits, offer loans, and provide various financial services to individuals and businesses.

Limited Liability Company

A business structure that combines the pass-through taxation of a partnership or sole proprietorship with the limited liability of a corporation.

Partnership

An authorized business structure where two or more partners manage and share in the profits.

Amount Owed

The total money that is due to be paid to a lender or creditor by the borrower.