Individual trust account definition

Individual trust account means the account that holds assets for the benefit of an individual beneficiary within the trust fund.
Individual trust account. An account established and maintained by the Trustee under the terms of the BIAWA Pooled Third Party Special Needs Trust Agreement for an individual Beneficiary. The Individual Trust Account shall reflect:  The initial value of assets contributed to this Trust.  Any additional contributions of assets to this Trust.  The Individual Trust Account’s proportionate share of the Trust’s earnings and appreciation.  The Individual Trust Account’s proportionate share of the Trust’s taxes, expenses, depreciation, investment losses, and the fees set forth in the Joinder Agreement.  Any distribution from this Trust for the Beneficiary.
Individual trust account. An account established and maintained by the Trustee under the terms of this Trust Agreement for an individual Beneficiary. The Individual Trust Account shall reflect: • The initial value of the Beneficiary’s assets contributed to this Trust. • Any additional contributions of the Beneficiary’s assets to this Trust. • The Individual Trust Account’s proportionate share of the Trust’s earnings and appreciation. • The Individual Trust Account’s proportionate share of the Trust’s taxes, expenses, depreciation, investment losses, and the fees set forth in the Joinder Agreement. • Any distribution from this Trust for the Beneficiary.

Examples of Individual trust account in a sentence

  • Individual trust account expenses including enroll- ment, bookkeeping, tax return preparation and filing, tax pay- ments, annual management expenses, and other trust related fees.

  • Individual trust account expenses including enrollment, book- keeping, tax return preparation and filing, tax payments, annual man- agement expenses, and other trust related fees.

  • AcknowledgementsIn the preparation of the four volumes of the Community-based home care toolkit, thanks are due to the Task Force of Red Cross personnel from the Regional Office for Europe who contributed their knowledge, expertise and technical support.


More Definitions of Individual trust account

Individual trust account. An account established and maintained by the Trustee under the terms of the BIAWA Pooled Basic Support and Maintenance Trust Agreement for an individual Beneficiary. The Individual Trust Account shall reflect:  The initial value of the assets contributed to this Trust.  Any additional contributions of assets to this Trust.  The Individual Trust Account’s proportionate share of the Trust’s earnings and appreciation.  The Individual Trust Account’s proportionate share of the Trust’s taxes, expenses, depreciation, investment losses, and the fees set forth in the Joinder Agreement.  Any distribution from this Trust for the Beneficiary.
Individual trust account means accounts established within the endowment trust fund for each individual named beneficiary for the benefit of whom contributions have been made to the fund. The money in each of the individual accounts is held in trust as provided for in subsection (2) of this section, and shall not be considered state
Individual trust account means accounts established within
Individual trust account means accounts
Individual trust account means a trust account administered for the benefit of an individual offender in a correctional facility.

Related to Individual trust account

  • the Trust Fund means the Bond(s) referred to in the First Schedule to the Declaration of Trust and the property from time to time representing the same (and also includes any other property which may become Trust Property as a result of any loan to the Trustees or any addition by way of gift or any accumulation of income).

  • Trust Account means the trust account established by the Company upon the consummation of its IPO and into which a certain amount of the net proceeds of the IPO, together with a certain amount of the proceeds of a private placement of warrants simultaneously with the closing date of the IPO, will be deposited.

  • Property Trustee Account has the meaning set forth in Section 3.8(c).

  • Trust Accounts has the meaning assigned thereto in Section 5.1.

  • Liquidating Trust Assets means the assets of a Debtor or Debtor-Controlled Entity to be transferred to a Liquidating Trust as may be determined by the Plan Administrator, which shall be described in a Liquidating Trust Agreement.

  • Owner Trust Estate means all right, title and interest of the Trust in and to the property and rights assigned to the Trust pursuant to Article II of the Sale and Servicing Agreement, all funds on deposit from time to time in the Trust Accounts and all other property of the Trust from time to time, including any rights of the Trust pursuant to the Sale and Servicing Agreement.

  • Grantor Trust Provisions Subpart E of part I of subchapter J of the Code and Treasury Regulations Section 301.7701-4(c).

  • Grantor Trust means a Trust other than a RIC.

  • Original Trust Agreement has the meaning specified in the recitals to this Trust Agreement.

  • Liquidating Trust Agreement means an agreement evidencing the terms and provisions governing a Liquidating Trust that shall be entered into prior to the establishment of such Liquidating Trust and pursuant to which a Liquidating Trustee shall manage and administer Liquidating Trust Assets.

  • Trust Account Property means the Trust Accounts, all amounts and investments held from time to time in any Trust Account (whether in the form of deposit accounts, Physical Property, book-entry securities, uncertificated securities or otherwise), and all proceeds of the foregoing.

  • Delaware Trust Assets Purchaser means the Computershare Delaware Trust Company.

  • Note A-1 Trust Fund means the trust formed pursuant to the Note A-1 PSA.

  • Trust Assets means, with respect to the Appointments and to the extent held, deposited or invested by any Seller for the benefit of others (whether or not constituting all or a portion of the corpus of any trust) as collateral, trust assets or otherwise by the applicable Corporate Trust Contracts or any other applicable legal obligation, (a) all cash on hand or held in bank accounts (including the Deposits) or in money market funds, and (b) all shares, stock, bonds, debentures, notes, mortgages, guarantees, letters of credit, certificates of indebtedness, warrants, treasuries or other securities or financial instruments or property of any type or description.

  • Liquidation Trust Agreement means the Liquidation Trust Agreement to be dated as of the Effective Date establishing the terms and conditions of the Liquidation Trust, substantially in the form attached hereto as Exhibit B.

  • Income trust means a trust or an entity, including corporate and non-corporate entities, the securities of which entitle the holder to net cash flows generated by an underlying business or income-producing properties owned through the trust or by the entity;

  • Trust Funds means, in the aggregate, all of the Funds and Accounts.

  • the Eileen Trust means the charitable trust of that name established on 29th March 1993 out of funds provided by the Secretary of State for the benefit of persons eligible for payment in accordance with its provisions;

  • Non-Lead Securitization Trust means the Securitization Trust into which any Non-Lead Securitization Note is deposited.

  • Liquidation Trust means the trust created pursuant to the Liquidation Trust Agreement on the Effective Date in accordance with the Plan, the Confirmation Order and the Liquidation Trust Agreement.

  • Trust Agent means U.S. Bank, as Trust Agent under the Titling Trust Agreement.

  • Liquidating Trust means the liquidating trust maintained by the Trustee holding the Trust Assets of the Partnership, identified as the "PLM Equipment Growth Fund III Liquidating Trust"; also referred to herein as the "Trust."

  • Note A-4 Trust Fund means the trust formed pursuant to the Note A-4 PSA.

  • Additional Trust Fund Expense Any expense of the Trust Fund that (i) arises out of a default on a Mortgage Loan or a Serviced Pari Passu Companion Loan or an otherwise unanticipated event, (ii) is not included in the calculation of a Realized Loss, (iii) is not covered by a Servicing Advance or a corresponding collection from the related Borrower, and (iv) is not covered by Default Charges collected on the Mortgage Loans to the extent provided herein.

  • Certificate Distribution Account has the meaning assigned to such term in the Trust Agreement.

  • Master Trust Agreement means the Second Amended and Restated Trust Agreement, dated as of May 8, 2019, between Verizon ABS II LLC, as depositor, and the Master Trust Owner Trustee, as amended, restated, supplemented or modified from time to time.