WEALTH MANAGEMENT GLOSSARY

C Corporation

Call Option

Call Provision

Capital Gain Or Loss (Also Realized Gains/Losses)

Certificate Of Deposit

Chinese Wall

Claim Against An Estate

Codicil

Collateralized Mortgage Obligation (CMO)

Commercial Paper

Common Stock

Common Trust Fund

Community Property

Complex Trust

Conservator

Contest Of A Will

Convertible Bond

Corporate Bonds

Cost Basis Or Tax Cost

Coupon Rate

Credit Shelter Trust

Current Yield (Or Yield To Market)

Custodian-To-Custodian Transfer (IRA)

Cyclical Stocks

A trust that provides income that may be distributed to the trust beneficiaries, or accumulated, in the discretion of the trustee. To the extent that income is distributed to the beneficiaries, the income is taxed to them. If income is retained in the trust, it is taxed to the trust as a separate taxpayer. Depending upon the discretion given the trustee by the controlling instrument, principal may or may not be distributed to beneficiaries.