What Is a Trust Fund and How Does It Work?

A trust fund is an arrangement whereby a person (the settlor) transfers property to another person (the trustee) to be held and managed for the benefit of a third person (the beneficiary). The trustee has a fiduciary duty to manage the trust fund property for the benefit of the beneficiary in accordance with the terms … Read more

Balanced Budget.

A budget is considered balanced when total revenue is equal to total spending. This means that the government is neither running a deficit nor a surplus. The term is often used in reference to the budget of a government, but it can also apply to businesses and households. There are a few different ways to … Read more