rabbi trust

rabbi trust
USA
A trust that funds a promise by a company to pay deferred compensation to its executives. When properly structured, a rabbi trust successfully defers income for the executives while protecting the assets contributed to the trust from all but specific creditors of the company. The assets in the trust must remain subject to the company's general creditors in the event of the company's bankruptcy or insolvency. The contributions and earnings are not taxable to the executives and the company does not get a deduction for its contributions. The earnings from the trust's investments are taxable to the company.

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

Игры ⚽ Нужно сделать НИР?

Look at other dictionaries:

  • Rabbi trust — In the United States a Rabbi trust is a type of trust used by businesses or other entities to defer the taxability to the person or entity receiving (the payee) such payments as employee compensation or purchase payments in the acquisition of… …   Wikipedia

  • Rabbi Trust — A trust created for the purpose of supporting the non qualified benefit obligations of employers to their employees. These trusts are sometimes referred to as grantor trusts . Called a Rabbi trust due to the first initial ruling made by the IRS… …   Investment dictionary

  • Trust law — In common law legal systems, a trust is an arrangement whereby property (including real, tangible and intangible) is managed by one person (or persons, or organizations) for the benefit of another. A trust is created by a settlor, who entrusts… …   Wikipedia

  • Crummey trust — In the United States a Crummey trust (named for the first person to use such a structure) is a trust for the benefit of a minor into which gifts are made in a manner qualifying them for exclusion from the unified gift and estate tax. Normally,… …   Wikipedia

  • Pirke De-Rabbi Eliezer — (Aramaic: פרקי דרבי אליעזר) is a aggadic midrashic work on Genesis, part of Exodus, and a few sentences of Numbers, ascribed to R. Eliezer ben Hyrcanus, and composed shortly after 833 CE. It is quoted immediately before the end of the 12th… …   Wikipedia

  • The Matheson Trust — logo Founder(s) D M Matheson CBE Type …   Wikipedia

  • Deri, Rabbi Arye — (1959 )    Born in Morocco, Deri was brought to Israel by his family in 1968. He was educated at Porat Yosef Talmu dic College and Yeshivat Hebron in Jerusalem. He became secretary general of the Sephardi Torah Guardians (SHAS) Party in 1985 and… …   Historical Dictionary of Israel

  • Deferred compensation — is an arrangement in which a portion of an employee s income is paid out at a date after which that income is actually earned. Examples of deferred compensation include pensions, retirement plans, and stock options. The primary benefit of most… …   Wikipedia

  • 457 plan — The 457 plan is a type of tax advantaged defined contribution retirement plan that is available for governmental and certain non governmental employers in the United States. The employer provides the plan and the employee defers compensation into …   Wikipedia

  • Keogh Plan — Unreferenced|date=July 2008Keogh plans are full fledged pension plans for self employed people in the United States.HistoryNamed for United States Congress Representative Eugene James Keogh of New York, they are sometimes called HR10 plans and… …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”