A variation of the irrevocable Rabbi trust arrangement used with a nonqualified Deferred Compensation Plan. Because the assets in a secular trust are not subject to the claims of creditors, it offers an executive more security than a Rabbi trust.
| Business Dictionary: Secular Trust |
A variation of the irrevocable Rabbi trust arrangement used with a nonqualified Deferred Compensation Plan. Because the assets in a secular trust are not subject to the claims of creditors, it offers an executive more security than a Rabbi trust.
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