| 
|
                     
|
Offshore TERMS - Offshore DICTIONARY - Offshore GLOSSARY
What
is the meaing of... ? Captive Bank - Captive Insurance Company -
Committee of Advisors - Companies Act or Ordinance - Controlled
Foreign Corporation - Corporate Officers Another - Creator - Current
Account - Custodian - Custodian Trustee
Captive
Bank. Bank intended to provide services to the promoter and
associates of the promoter, usually an international group of
companies.
Captive Insurance Company. Insurance company established by a
company or international group to provide insurance (or reinsurance)
for the promoter and associates of the promoter.
Committee of Advisors. Provides nonbinding advice to the trustee and
trust protector. Friendly towards settlor but must still maintain
independence.
Committee of Trust Protectors. An alternative to utilizing merely
one trust protector. Friendly towards settlor, but must remain
independent.
Companies Act or Ordinance. Legislation enacted by a tax haven to
provide for the incorporation, registration and operation of
international business companies (IBCs). More commonly found in the
Caribbean tax havens. For a typical example, read the Bahamas'
International Business Company Act of 1989.
Controlled Foreign Corporation (CFC). An offshore company which,
because of ownership or voting control of U.S. persons, is treated
by the IRS as a U.S. tax reporting entity. IRC 951 and 957
collectively define the CFC as one in which a U.S. person owns 10
percent or more of a foreign corporation or in which 50 percent or
more of the total voting stock is owned by U.S. shareholders
collectively or 10 percent or more of the voting control is owned by
U.S. persons.
Corporate Officers Another "cabinetlike" institution, sometime part
of the Board of Directors: president, secretary and treasurer etc.
These individuals have the right to represent the company to third
parties, to negotiate and make commitments in its name.
Creator. A person who creates a trust. Also see settlor and grantor.
Current Account. An offshore, personal savings or checking account.
Custodian. A bank, financial institution or other entity that has
the responsibility to manage or administer the custody or other
safekeeping of assets for other persons or institutions.
Custodian Trustee. A trustee that holds the trust assets in his or
her name.
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
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
Copyright © 2003-2008 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.