Offshore TERMS - Offshore DICTIONARY - Offshore GLOSSARY

What is the meaing of... ?

PLC
Preferential Transfer
Pre-filing Notice
Probate
Pure Equity Trust
Pure Trust

PLC. A UK public limited company.

Preferential Transfer. A disposition of an asset that is unfair to other creditors of the transferor.

Pre-filing Notice. Mailed by the IRS to parties (tax payers) who are believed to be participating in fraudulent trust programs. The notice requests that the receiver seek professional counsel before filing their next tax return.

Probate. The legal process for the distribution of the estate of a decedent.

Pure Equity Trust. A special type of irrevocable trust marketed by promoters. The trust assets are obtained by an exchange of a certificate of beneficial interest in return for the assets, as opposed to traditional means, such as by gifting.

Pure Trust. A contractual trust as opposed to a statutory trust, created under the Common Law. A pure trust is one in which there must be a minimum of three parties(the creator or settlor (never grantor), the trustee and the beneficiary(and each is a separate entity. A pure trust is claimed to be a lawful, irrevocable, separate legal entity.

 

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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