They (the investment bankers) make money the old-fashioned way… they URN it.
See: Totten Trust and POD Account – Payable on death (POD) is an arrangement between a bank or credit union and a client that designates beneficiaries to receive all the client’s assets.
A Totten trust (also referred to as a “Payable on Death” account) is a form of trust in the United States in which one party (the settlor or “grantor” of the trust) places money in a bank account or security with instructions that upon the settlor’s death, whatever is in that account will pass to a named beneficiary. For example, a Totten trust arises when a bank account is titled in the form “[depositor], in trust for [beneficiary]”.
Cemetary Care Act –
“Investment Company” means any issuer (a) whose securities are purchasable only with care funds or trust funds, or both; and (b) which is an open and diversified management company as defined in and registered under the “Investment Company Act of 1940”; and (c) which has entered into an agreement with the Comptroller containing such provisions as the Comptroller by regulation reasonably requires for the proper administration of this Act.
“Inurnment right” means the right to place individual cremated human remains in a specific niche selected by the consumer for use as a final resting place.”
Definition of NICHE
1a : a recess in a wall especially for a statue b : something (such as a sheltered or private space) that resembles a recess in a wall
2a : a place, employment, status, or activity for which a person or thing is best fitted b : a habitat (implantation) supplying the factors necessary for the existence of an organism or species c : the ecological role of an organism in a community especially in regard to food consumption d : a specialized market
Definition of INDENT
1a : to divide (a document) so as to produce sections with irregular edges that can be matched for authentication b : to draw up (something, such as a deed) in two or more exactly corresponding copies
2 : to notch the edge of : make jagged
3 : INDENTURE
4 : to set (something, such as a line of a paragraph) in from the margin
5 chiefly British : to order by an indent
1 obsolete : to make a formal or express agreement
2 : to form an indentation
3 chiefly British : to make out an indent for something
The Trust INDENTURE Act of 1939
The Trust Indenture Act of 1939 (TIA), codified at 15 U.S.C. §§ 77aaa–77bbbb, supplements the Securities Act of 1933 in the case of the distribution of debt securities in the United States. Generally speaking, the TIA requires the appointment of a suitably independent and qualified trustee to act for the benefit of the holders of the securities, and specifies various substantive provisions for the trust indenture that must be entered into by the issuer and the trustee.
For those with eyes to see – the whole Egg (conceptus) in it’s Chalice (uterine wall) = The Holy Grail.
WAKE UP PEOPLE.
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