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Secular 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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Business Dictionary. Dictionary of Business Terms. Copyright © 2000 by Barron's Educational Series, Inc. All rights reserved.  Read more