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Investments glossary

Rabbi Trust

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Quotes of the day:

A lot of other countries have central government systems that buy drugs for other people. That can reduce the fluctuations.

— Aaron Kesselheim

A rabbi trust is a trust created to support the non-qualified benefit obligations of employers to their employees. A rabbi and his congregation first used this type of trust after an Internal Revenue Service (IRS) private letter ruling approved its use; it has been referred to as a rabbi trust ever since. In essence, it is a non-qualified employee trust created for the benefit of both the employer and employee.



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