Sentences with phrase «organized as a separate company»

Each mutual fund is organized as a separate company from the fund's management, and its assets are held by an independent custodian, usually a specialized bank.

Not exact matches

Separate accounts are organized as trusts to be managed for the benefit of the insureds, and are so named because they are kept «separate» from the «general account» of the life insurance Separate accounts are organized as trusts to be managed for the benefit of the insureds, and are so named because they are kept «separate» from the «general account» of the life insurance separate» from the «general account» of the life insurance company.