split trust

split trust
/splɪt 'trʌst/ noun

Dictionary of banking and finance. 2015.

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  • split trust — see ↑split capital trust above. • • • Main Entry: ↑split …   Useful english dictionary

  • split capital trust — noun An investment trust having several kinds of security with differing rights, and with a limited life (also split cap, split investment trust, split level trust and split trust) • • • Main Entry: ↑split …   Useful english dictionary

  • split-capital investment trust — split level trust; split trust An investment trust with a limited life in which the equity capital is divided into various classes of income shares and capital shares. Holders of income shares receive all or most of the income earned plus a… …   Big dictionary of business and management

  • split-level investment trust — /ˌsplɪt ˌlev(ə)l ɪn vestmənt trʌst/ noun an investment trust with two categories of shares: income shares which receive income from the investments, but do not benefit from the rise in their capital value; and capital shares, which increase in… …   Dictionary of banking and finance

  • split investment trust — see ↑split capital trust above. • • • Main Entry: ↑split split investment trust see ↑split capital trust under ↑split • • • Main Entry: ↑trust …   Useful english dictionary

  • split capital investment trust — (splits) A London listed investment trust company, the capital of which is divided into shares of different classes giving differing rights to income and capital. For further information, see the Association of Investment Trust Companies website …   Law dictionary

  • Split tunneling — is a computer networking concept which allows a VPN user to access a public network (e.g., the Internet) and a local LAN or WAN at the same time, using the same physical network connection. This connection service is usually facilitated through a …   Wikipedia

  • split-level trust — see ↑split capital trust above. • • • Main Entry: ↑split …   Useful english dictionary

  • Split capital investment trust — A Split Capital Investment Trust (Split) is a type of investment trust which issues different classes of share to give the investor a choice of shares to match their needs. Most Splits have a limited life determined at launch known as the wind up …   Wikipedia

  • trust — A legal entity created by a grantor for the benefit of designated beneficiaries under the laws of the state and the valid trust instrument. The trustee holds a fiduciary responsibility to manage the trust s corpus assets and income for the… …   Black's law dictionary

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