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Americus Trust |
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Americus Trust A trust containing common stock that issued two types of units representing that stock: primes and scores. Holders of primes received all dividends that were issued for the life of the trust plus, at maturity, the total value of the share up to a certain amount. Score holders received the excess of that certain amount. Americus trusts no longer exist as the result of a tax ruling in 1987 that eliminated most of their tax advantages. See also: PERC. Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content. |
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