Adjudication The decision of a court with respect to matters of dispute; used most often with regard to judgment of incapacitation or incompetence.Administrator The individual or institution appointed by a court to oversee the settlement of the estate of a person who has died without a will.
529 Plan A form of college savings accounts the Internal Revenue Code permits universities and states to establish that provides several tax benefits, including a five year acceleration of annual exclusion gifts; also known as a qualified state tuition program (QSTP).
Abatement The reduction of a gift (bequest) in a will because the estate's assets are insufficient to satisfy all the gifts after the estate's debts, claims, and taxes have been paid; all gifts of the same class abate proportionately unless provided otherwise.
Accelerated Return Enhanced Note A security that provides an investor no downside principal protection against adverse performance of the underlying linked asset or index of the note while providing potential for increased participation (i.e., 200%-300%) additional return linked to the performance of the underlying asset or index if held to maturity.
The note is fully exposed to the credit risk of the issuer and their ability to pay (or inability to pay due to credit default/bankruptcy) at expiration.
Active Management An investment management strategy in which an attempt is made to outperform the market,as measured by a particular benchmark or index.
The manager takes an active decisionmaking role in choosing which securities to purchase and sell.Absolute Return The actual appreciation or depreciation (return) of a security, expressed as a percentage, in positive (absolute) terms.Abstract of Trust A document that briefly outlines a trust's key provisions and existence; also called an affidavit of trust.Accredited Investor For individuals, the criteria is met by a net worth of more than million or an income of more than 0,000 for the current and each of the previous two years.Other entities such as corporations, partnerships, trusts, and employee benefit plans with at least million in investments.Against the Box A short sale of a security which the seller does own but does not want to close out his/her position in, for tax or other reasons. Such agencies were created to reduce borrowing costs for certain sectors of the economy. Examples include the Federal home Loan Mortgage Corporation, or Fannie Mae (FNMA), and the Student Loan Marketing Association (SLMA).