Exact(8)
In business, trust might obviate the need for complicated contracts, and thus save on lawyers' fees.
It used legal ventriloquism to speak through the business trust and Janus funds.
There are no gung-ho cheerleaders in the Ricky Hatton business, trust me.
Janus Capital Group created and manages the Janus mutual funds through a business trust.
That's so even if the entity presenting the statement is a business trust — basically a dummy corporation — with no assets, while its owner has the cash.
Only the business trust set up to hold the funds can be held liable, though it has no assets of its own to compensate plaintiffs in the lawsuit.
Some shareholders sued Janus Capital Group and Janus Capital Management, which oversees the business trust and funds, for making false statements that led to the drop.
Populus business trust poll Photograph: /Financial Times The Financial Times (subscription) says Sweden's finance minister has cast doubt on Pfizer's commitment to keeping science jobs in Europe.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com