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Offshore TERMS - Offshore DICTIONARY - Offshore GLOSSARY
What is the meaning of? Adverse trustee - Annuitant - Annuity -
Apostille -Asset manager.
Adverse trustee. One who has a substantial, beneficial interest in
the trust assets as well as the income or benefits derived from the
trust. A trustee that is related to the creator by birth, marriage
or in an employer/employee relationship.
Annuitant. The beneficiary or beneficiaries (in a last-to-die
arrangement) of an annuity who receives a stream of payments
pursuant to the terms of the annuity contract.
Annuity. A tax sheltering vehicle. An unsecured contract between the
company and the annuitant(s) that grows deferred-free and is used to
provide for one's later years. All income taxes are deferred until
maturing of the annuity. Capital gains and income accumulate tax
deferred. Results in a stream of payments made to the annuitant
during his or her lifetime under the annuity agreement. Taxes are
paid on the income, interest earned and the capital gains but only
to the extent as and when they are received. Currently, there is no
annual limit on purchases, but there is no tax credit for purchases.
An annuity is not an insurance policy.
Apostille. An apostille is a special seal applied by an authority to
certify that a document is a true copies of an original. Apostilles
are available in countries, which signed the Hague Convention
Abolishing the Requirement of Legalization of Foreign Public
Documents, popularly known as The Hague Convention. This convention,
created in 1961, replaces the time consuming chain certification
process used so far, where you had to go to four different
authorities to get a document certified.
Asset manager. A person appointed by a written contract between the
IBC (or the exempt company) or the APT and that person to direct the
investment program. It can be a fully discretionary account or
limitations can be imposed by the contract under the terms of the
APT or by the officers of the IBC. Fees to the asset manager can be
based on performance achieved, trading commissions or a percentage
of the valuation of the estate under his or her management.
Asset Protection Trust (APT). A special form of irrevocable trust,
usually created (settled) offshore for the principal purposes of
preserving and protecting part of one's wealth offshore against
creditors. Title to the asset is transferred to a person named the
trustee. Generally used for asset protection and usually tax
neutral. Its ultimate function is to provide for the beneficiaries
of the APT.
Information About:
Anguilla Offshore
Corporation -
Belize Offshore Corporation -
British Virgin Islands
Offshore Corporation -
Dominica Offshore
Corporation -
Gibraltar Offshore Corporation -
Panama Offshore
Corporation -
Seychelles Offshore Corporation -
USA LLC Offshore
Corporation -
USA Delaware Offshore Corporation -
USA Oregon Offshore
Corporation
Forex
Terms
ALL or NONE -
ARBITRAGE -
ASK -
AUTOMATIC EXECUTION
- BASIS POINT -
BID -
BROKER -
COST OF CARRY -
COUNTERPARTY -
ENTRY ORDER -
FOREX -
FOREX TRADER -
LEVERAGE -
LIMIT ENTRY ORDER -
LIMIT ORDER -
LONG POSITION -
LOT -
MANUAL EXECUTION -
MARGIN -
MARGIN CALL -
MARKET MAKER -
MARKET ORDER -
MINI ACCOUNT -
OCO ORDER -
OVERNIGHT -
PEGGING -
PIP or POINTS -
POSITION -
PREMIUM -
QUOTE BUY SELL -
ROLLOVER -
SHORT POSITION -
SLIPPAGE -
SPOT FOREIGN
EXCHANGE - SPREAD -
STOP-ENTRY ORDER -
STOP-LOSS ORDER -
SWAP -
TICK -
VOLATILITY -
WHIPSAW -
WHISPER NUMBER
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