5 By 5 Power In Trust

Business, Legal & Accounting Glossary

Definition: 5 By 5 Power In Trust


5 By 5 Power In Trust


Full Definition of 5 By 5 Power In Trust


A type of clause found in some trust documents that allows power to the beneficiary in the withdrawal of either $5,000 or 5 percent of the fair market value of that trust annually – whichever amount is more.


Cite Term


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Page URL
https://payrollheaven.com/define/5-by-5-power-in-trust/
Modern Language Association (MLA):
5 By 5 Power In Trust. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
December 04, 2021 https://payrollheaven.com/define/5-by-5-power-in-trust/.
Chicago Manual of Style (CMS):
5 By 5 Power In Trust. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/5-by-5-power-in-trust/ (accessed: December 04, 2021).
American Psychological Association (APA):
5 By 5 Power In Trust. PayrollHeaven.com. Retrieved December 04, 2021
, from PayrollHeaven.com website: https://payrollheaven.com/define/5-by-5-power-in-trust/

Definition Sources


Definitions for 5 By 5 Power In Trust are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 13th November, 2021 | 0 Views.