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In the case of a trust, this term refers to the individual who will receive the principal of a trust when final distribution takes place.
RESPA (Real Estate Settlement Procedures Act)
RESPA is a federal law that requires lenders to provide home mortgage borrowers with information about known or estimated settlement costs.
Profit earned by a capital investment or other type of security.
A type of trust that can be terminated by the settler (the opposite of an irrevocable trust).
The chance that an investment could lose or fail to maintain value.
Measures the percentage of a fund's movement that is explained by movements in the market index.