CRTs

Please choose the most appropriate answer for each sentence.
  • 1

    Gifts to a charitable ..... trust (CRT) can be made in cash, but more often consist of highly appreciated stock, real estate or a closely held business interest; it pays income to the beneficiary for a fixed period or for life, and at the end of the trust, the remaining assets pass to the charities you have chosen.

  • 2

    The attached tables illustrate the cash flows for an interest ..... loan in its first 10 years under different inflation scenarios: Figure One illustrates the base case, Figure Two shows a potential 'low inflation' scenario and Figure Three a 'high inflation' scenario throughout the 10-year period.

  • 3

    The fill ..... order is used by customers wishing an immediate fill, but at a specified price; our floor broker will bid or offer the order three times and immediately return either a fill or an unable.

  • 4

    ..... trade account status exists when the purchase and sale or sale and purchase of the same security on the same day in a single account takes place; liquidation of overnight positions and repurchase (or sale) are not considered.

  • 5

    In order to successfully build models of mortgage ..... that capture prepayment, delinquency and default behavior, we must decide upon common, generally accepted definitions for each of these behaviors.

  • 6

    Gold has retrenched below its 20-day moving average of $659.31 to a six-month low of $643.20 where it is now holding but vulnerable to further selling; the ..... has also driven gold below its 50-day and 200-day moving averages of $664 and $646, respectively.

  • 7

    In a market where agents trade via ..... order book, there is no market maker or specialist who provides bid and ask quotes; instead, any sellers/buyers can place offers/bids in this book and wait until the orders get executed, or they can trade immediately by placing a market order against the existing bids/offers.

  • 8

    A full ..... enables early round investors to preserve the value of their initial investment in a down round - they get additional 'free' shares so that their effective share price equals the new lower price, thus avoiding a markdown in the value of their investment.

  • 9

    The 12(b)-1 fee is not like a sales commission, where the investor's initial purchase is reduced by the charge; it is deducted from the assets of the fund; many call this fee a hidden ..... because it decreases a shareholder's earning power each year without showing up overtly as a sales commission.

  • 10

    Your profit or loss depends on the difference between your cost ..... and the price at which you sold your investment; in the normal scheme of things, the former is your original purchase price, but sometimes you can make adjustments to that figure to make it larger.

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