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Wealth Management Glossary

Par Value Passive Activity Payable Date Per Capita Per Stirpes Personal Property Personal Representative Physical Certificate Portfolio Power Power Of Appointment Power Of Attorney Precatory Words Preferred Stock Prime Rate Principal Principal Portfolio Probate Court Probate Of Will/Probate Prospectus Proxy Prudent Investor Rule

Principal Portfolio If a trust has both income and principal beneficiaries, and income is invested for the benefit of the income beneficiaries, the assets in the account are kept separate. Totals for the principal assets are shown in the report section that shows the principal portfolio.

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