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Quotes of the day:
Let me tell you something that we Israelis have against Moses. He took us 40 years through the desert in order to bring us to the one spot in the Middle East that has no oil!
A wasting trust is so named because its assets are depleted over time as plan participants receive payouts as required under the plan. The trust receives no new contributions, so the principal declines. A wasting trust may also refer to income trusts which hold depleting assets, such as oil and gas assets.
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