Examlex
A union could raise wages without causing unemployment of union members if it can increase demand for union labor. How might this goal be achieved?
Trustee
An individual or firm that holds or administers property or assets for the benefit of a third party.
Beneficiary
An individual or entity entitled to benefits or advantages from something, such as a trust, insurance policy, or a will.
Decedent's Estate
The real and personal property owned by an individual at the time of their death, subject to distribution according to their will or state laws.
Spendthrift Trust
A trust created to protect the beneficiary from spending all the funds to which she or he is entitled. Only a certain portion of the total amount is given to the beneficiary at any one time, and most states prohibit creditors from attaching assets of the trust.
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