Choose the Word or Phrase in [ ] Which Will

question 112

Short Answer

Choose the word or phrase in [ ] which will correctly complete the statement.Select "a" for the first item,"b" for the second item,and "c" if neither item will correctly complete the statement.
-Funds from the [Minor's Section 2503(c)| Crummey] trust must be distributed by the time the beneficiary turns 21.

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Definitions:

Payment Terms

The conditions under which a seller will complete a sale, typically specifying the period allowed to a buyer to pay off the amount due.

Invoice

A document issued by a seller to a buyer indicating the products or services provided, their quantities, and the agreed prices for products or services the seller has provided but not yet been paid for.

Debt

Money owed by one party to another.

Invoice

A document issued by a seller to a buyer, indicating the products, quantities, and agreed prices for products or services.