A Trust Involves the Transfer of Assets to a Third

question 17

True/False

A trust involves the transfer of assets to a third Chaptery who manages these assets for a beneficiary.

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Definitions:

Component

A part or element of a larger system that contributes to its functionality, such as hardware components in a computer or software components in an application.

IaaS

A type of cloud technology service that describes routers, switches, servers, virtual machines, load balancers, access points, storage, and any other infrastructure device that is provided through the online environment.

Disk Image Library

A collection or repository of disk images, which are exact copies of computer disks, used for backup, restoration, or emulation purposes.

Virtual Machines

Software emulations of physical computers that enable users to run multiple operating systems on a single physical hardware host.