0
Want this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
What is fund utilization in banking system?
Fund utilization is when the use of funds is governed by the fund authority for the specified fund type, or in the case of trust funds for the specified account. Managers are responsible for understanding the restrictions on use for all fund types, and for any trust account utilized by the department.
Which countries have a government child trust fund?
The only country currently offering a government child trust fund is the United Kingdom. The child trust fund is a long term savings or investment account for children.
What is the meaning of 'ITF' on a bank statement?
It could mean: Internal Transfer of Funds In Trust For Interim Trust Fund International Trust Fund If the bank account is a ITF ("in trust for") or FBO ("for benefit of") type of trust account, then the beneficiary will gain immediate control of the account upon your death without going to court, though possibly subject to estate tax.
Can you get a bank account without a job?
You can if you are 18 and your parent(s) set up an account with your name already and decided to give that trust fund over to you. Some parent(s) don't give that child anything. If you don't have a trust fund in your name then it is best to have a job. How are you going to fund that checking account without a job?
Where can you put your money in?
A bank account, savings account, or family trust fund are a few options, it depends what you mean when you say 'in'.
How do you get a trust fund that was left in an account and only you can redeem the funds when you reached 18 years of age but was lost and have no records of the trust fund being in the account?
If you have a trust fund, some record of it exists somewhere. I do not believe that every record was lost. Find the record. If, however, there is absolutely no record remaining anywhere, then there is no way to prove that you own this money and you will never be able to obtain it.
What is fiduciary fund?
A fiduciary fund is used to account for funds or assets that are held in trust by the government. These funds or assets are held for individuals or other entities.
What is real estate trust fund overage?
trust fund overage
What is the difference between person fund vs account fund?
The difference between person fund and account fund is that a person fund is transferred to the recipient in person, while the account fund is transferred to the account of the recipient.
What is 'trust fund' in Spanish?
"Fondo de fideicomiso" is "trust fund" in Spanish.
Does the state have access to a trust fund in prisoners name?
The state of California dept of Corrections DOES NOT have access to a prisoners trust fund. A trust fund is exempt.
What is the symbol for John Hancock Premium Dividend Fund in the NYSE?
The symbol for John Hancock Premium Dividend Fund in the NYSE is: PDT.
