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LSDefine

Simple English definitions for legal terms

Master Trust

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A quick definition of Master Trust:

A master trust is like a big piggy bank where lots of people put their money together to be managed by someone else. This is helpful because it makes it cheaper to manage the money and invest it in things like retirement or employee benefits. It's like sharing a pizza instead of buying your own, it's cheaper and easier to manage when everyone puts their money together.

A more thorough explanation:

A master trust is a type of investment vehicle that combines assets from multiple sources for collective management. It is similar to a pooled trust, where assets are managed in a central fund.

For example, an employer can use a master trust to pool the investments in a pension or employee benefit plan. This allows the portfolio manager to manage a single pool of investments, which can reduce transaction costs and provide access to less expensive share classes and overall fees.

The benefit of a master trust is that it provides greater economies of scale, which means that investors can pool their investments together. This can result in lower costs and better returns for everyone involved.

Overall, a master trust is a useful tool for managing investments and can be particularly beneficial for large organizations with many investors.

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THATS SO FUNNY
i cant i would go crazy
JumpySubsequentDolphin
20:50
i need to know who decided to do that.
JumpySubsequentDolphin
20:50
omg im on a plane weeeee
the devil
youre on a plane??? LSD made the mile high club??
20:50
yo splitterus are you in school already
20:50
it says ur c/o 2027
JumpySubsequentDolphin
20:51
@SplitterusClitterus: HAHAH yes
ur user is hilarioussss and no i just graduated this may and am now applying ---also im out of messages so ill take a lil
20:52
roger dat. see u in heck
im back, r u applying this cycle too
JumpySubsequentDolphin
21:32
this child fell asleep on me
JumpySubsequentDolphin
21:32
im so uncomfortable
just push him off the entire seat
JumpySubsequentDolphin
21:34
LMAOOOO
JumpySubsequentDolphin
21:35
no he’s literally like 8 and he fully just put his head on my bicep and slept
JumpySubsequentDolphin
21:35
he has since moved
22:12
@SplitterusClitterus: me yesterday
gulc baby pls text me back... i miss you ...... :(
22:23
i just went into a discord vc and yelled "YALL I JUST GOT INTO J.M. SCHOOL OF LAW"
22:24
people were getting excited :sob:
22:25
then someone was like "what does jm stand for" and i was like .. well
AHHAHAHAHAHAHHAHAHAHAHAHAH
@JumpySubsequentDolphin: wait this is so cute, also where r u going
JOE MBIDEN
JumpySubsequentDolphin
22:39
@splitty Oregon!
oh yay for what thats so random
JumpySubsequentDolphin
22:45
haha my brother and sister in law live there
so cutie oregon is beatiful
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