The Person or Entity to Receive the Trust Corpus on the Termination

question 20

True/False

The person or entity to receive the trust corpus on the termination of the trust is called the remainder beneficiary.

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Definitions:

Mass Production

The large-scale manufacturing of goods through standardized processes, allowing for the efficient production of large quantities of identical items.

Age-sex Pyramid

A graphical representation of the age and sex distribution of a population, typically a bar graph, which provides insights into demographic trends and potential social and economic impacts.

Birthrate

A measure of fertility, usually expressed as the number of births per 1,000 people in a population in a given year.

Immigration

The action of coming to live permanently in a foreign country, often resulting from the desire for better opportunities or to escape adverse conditions.