Badges of Fraud - Bank of International Settlements - Bank Secrecy - Bearer Bond - Bearer Shares - Board of Trustees - Business trust

Información cuentas bancarias offshore USA Suiza

Offshore TERMS - Offshore DICTIONARY - Offshore GLOSSARY

 

What is the meaing of... ? Badges of Fraud - Bank of International Settlements - Bank Secrecy - Bearer Bond - Bearer Shares - Board of Trustees - Business trust.

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Badges of Fraud. Conduct that raises a strong presumption that it was undertaken with the intent to delay, hinder or defraud a creditor.

Bank of International Settlements (BIS). Structured like America's Federal Reserve Bank, controlled by the Basel Committee of the G-10 nations' Central Banks, it sets standards for capital adequacy among the member central banks.

Bank Secrecy. In most countries one of the terms of the relationship between banker and customer is that the banker will keep the customer’s affairs secret. Staff members are normally required to sign a declaration of secrecy as regards the business of the banks. Where numbered accounts are used their purpose is to limit the number of persons who know the identity of the client. In certain countries (e.g. Switzerland and the Cayman Islands) specific legislation makes breaches of bank secrecy subject to criminal law sanctions. However, in all legal systems (including Switzerland) there are specific cases where the duty of secrecy of a banker is discharged, e.g. where fraud, money laundering and narcotics are involved. The exchange of information clause contained in most tax treaties may enable the tax administration of one treaty country to obtain information concerning bank accounts which its residents have in the other country.

Bearer Bond. A bond issued in bearer form rather than being registered in a specific owner's name. Ownership is determined by possession.

Bearer Shares. Shares in the capital of a company which are transferable by delivery of the certificate. They do not display a shareholder's name but instead grant ownership rigths to any individual who is in actual physical possession of the certificate(s) Unlike registered shares, which are transferred by an instrument of transfer and display the shareholder's name on the actual share certificate, the name of the holder is not registered in the books of the company.

Beneficiary. The person(s), company, trust or estate named by the grantor, settlor or creator to receive the benefits of a trust in due course upon conditions which the grantor established by way of a trust deed. An exception would be the fully discretionary trust. The beneficiary could be a charity, foundation and/or person(s) which or who are characterized by classes in terms of their order of entitlement or their hierarchy.

Board of Trustees. A board acting as a trustee of a trust or as advisors to the trustee depending upon the language of the trust indenture. Also see Committee of Advisors.

Business trust. A trust created for the primary purpose of operating or engaging in a business. It is a person under the Internal Revenue Code (IRC). It must have a business purpose and actually function as a business.

 

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

ALL or NONE - ARBITRAGEASK - 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 MAKERMARKET 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

 

Copyright © 2003-2013 SwissBankingAccounts.com   Consulting AR LTD

The information contained in this Website is not meant to substitute qualified legal advice given by a specialist knowing your particular situation. We are not a bank and can’t be held responsible for any loss or damages whether direct, incidental, indirect, special, or consequential, among others, relating access to this Web site. Read our Disclaimer / Terms and Conditions.