While equity prices soared, the dividend yields, or income being generated by those assets, fell. This inevitably generates tension between the income beneficiaries, who want the trust's portfolio skewed toward income-producing assets, and the remainder beneficiaries, who care about long-term capital appreciation.ĭuring the go-go years in the stock market in the 1990s, this conflict was especially acute. A typical trust is designed to distribute its income to one person or group of people - the income beneficiaries - and its principal, at a later date, to another person or group, known as remaindermen, or remainder beneficiaries. Unitrusts aim to resolve a fundamental conflict in the structure of trusts. But lately they have been getting a lot more attention, as a result of greater market volatility and the reform of trust regulations in more states. Unitrusts began appearing after a 1977 federal law cleared the way. "Trusts are the most common vehicles people use to protect wealth the unitrust amounts to a monumental change in how trusts are designed and implemented," says Janine Racanelli, head of the Advice Lab at JPMorgan Private Bank. A bonus: the size of the payments to beneficiaries can be far more predictable. Send us feedback.The idea of a unitrust is not only to produce annual income, but to invest wisely for the long-term.
These example sentences are selected automatically from various online news sources to reflect current usage of the word 'principal.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. 2022 The Silver Spring Democrat began his career as a civics and history teacher in New York City, Puerto Rico and Boston, and also worked as a principal and school administrator.īryn Stole,, 5 Jan. 2022 The lawsuits also allege Oxford High School's principal and Throne failed to adequately train and supervise school employees. 2022 The Center for COVID Control's principal and mailing address is in Rolling Meadows, Illinois. 2022 Though no charges have been filed against the school district or its leaders, two lawsuits seeking $100 million each were filed against the district, its superintendent, principal and others on Dec. Jason Hanna And Taylor Romine, CNN, 20 Jan. 2022 According to the lawsuit, the principal and superintendent reviewed Crumbley's posts, which the lawsuit says threatened Oxford High students.
2022 Eric Thomas, former Aiken High School principal and former deputy superintendent for the Georgia State Board of Education. 2022 And the story doesn’t even end there: in 2003, under Democrat Rod Blagojevich, the state issued $10 billion in Pension Obligation Bonds (POBs), and counted the repayment principal and interest as part of its pension contribution.Įlizabeth Bauer, Forbes, 30 Jan. 2021 Recent Examples on the Web: Noun And the principal and music teacher at her former elementary school sent videos of them singing to her. 2021 As the second week of March 2020 neared its end, the producers of Sesame Street were days away from wrapping principal photography on the program’s 51st season.ĭavid Kamp, WSJ, 29 Oct. 2021 According to director Ridley Scott, neither of the Oscar-winning stars of his lush biographical drama House of Gucci ever bothered setting foot on set once principal photography began in Rome at the end of February.Ĭhris Lee, Vulture, 23 Nov. 2022 This is because Marvel completed principal photography in the first part of 2021, with extensive reshoots having just recently wrapped.Ĭhris Smith, BGR, 27 Dec. 2022 The deal with Syrah is part of a broader effort by automakers to secure relatively scarce raw materials for batteries as demand for electric vehicles is expected to grow, said Sam Abuelsamid, principal e-mobility analyst for Guidehouse Insights. 2022 Produced by Adanne Ebo, Oscar-winner Daniel Kaluuya’s production company 59% and Pinky Promise, the feature film shot last summer and wrapped principal photography exactly one month after the sisters’ 30th birthday.Īngelique Jackson, Variety, 23 Jan. 2022 The film was shot last summer and finished principal photography one month after the sisters turned 30.Īvery Newmark, ajc, 25 Jan. 2022 At the time, principal photography had been completed on Black Market but the narration and on-camera commentary had only been finished by the late star for three out of the season’s six episodes.Ībbey White, The Hollywood Reporter, 26 Jan. Michelle Toh And Selina Wang, CNN, 28 Jan. Recent Examples on the Web: Adjective The sensitivities leave companies treading on thin ice, according to Dipanjan Chatterjee, a vice president and principal analyst at Forrester (FORR) in charge of brand strategy.
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