TRUST FUND Definition

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TRUST FUND is a fiduciary relationship calling for a trustee to hold the title to assets, usually monetary, for the benefit of the beneficiary.

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LONG-TERM INVESTMENTS represents the investments a company intends to hold for over a one year period. For example: real estate, cash, stocks and bonds..

BAD DEBT is an open account balance or loan receivable that has proven to be uncollectible and is written off.

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