The buyer of a stock selling ex-dividend does not receive the dividend already declared, but not yet reaching the record date. 3 days prior to the record date.

An individual or institution nominated in a will and appointed by a court to settle the estate of an individual. If a woman is appointed, she may be called an executrix. In some states, such individual or institution may be called a personal representative.

To implement the right under which the holder of an option, warrant, or right is entitled to buy or sell the underlying security.

A person having a duty to act for another's benefit. A person or institution that manages money or property for another and who must exercise care in such management activity imposed by law or contract.

A person who establishes the trust. Also may be called a settlor or trustor.

Provided by a Financial Institution; a signature guarantee signifies that the person signing the document is who they claim to be, and that the financial institution backs that guarantee by a bond it has posted as a guarantor.

A person who has custodial rights and responsibilities for a minor or a person who is incapable of handling their own affairs. A Guardian as commonly known in the United States is Court Appointed.

A document issued by the state certifying that the estate tax has either been paid or has been waived by the state.

The deceased party had no will.

A trust which cannot be changed (modified) or canceled (revoked) once it is set up.

A form of registration, properly abbreviated as "JT TEN" on stock certificates, that means that all parties named on the certificate have an undivided interest in the shares represented by the certificate. Thus, if one of the tenants should die the entire value of the certificate becomes the property of the surviving tenants. (Identical to Joint Tenancy With Right of Survivorship).