With Respect to a Trust, the Terms Creator, Donor, and Grantor

question 43

True/False

With respect to a trust, the terms creator, donor, and grantor are synonyms.

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Definitions:

Social Comparison

The process of evaluating oneself against the standards and abilities of others.

Net Income

Net Income is the total profit of a company after all expenses and taxes have been deducted from total revenue.

Dividends

Dividends refer to the distributions of a portion of a company's profits to its shareholders, made by the corporation.

Pledges Receivable

Commitments made by donors to give a specific amount of money to an organization over a set period, recognized as receivables in accounting.