A Person or Institution That Holds or Generally Manages Property

question 28

Multiple Choice

A person or institution that holds or generally manages property for the benefit of someone else under a trust agreement is called a(n) :

• A) beneficiary.
• B) executor.
• C) trustee.
• D) guardian.
• E) executrix.

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Definitions:

Incremental Value

The additional value created by undertaking a specific action, beyond the existing value without taking that action.

Market Value

The current price at which an asset or service can be bought or sold in a particular market.

Equity-Financed

Pertains to acquiring funds to finance projects or investments through selling shares of stock, effectively avoiding debt.

Shares

Shares represent units of ownership in a company, giving the shareholder a proportionate claim on the company's assets and profits based on the number of shares they hold.