Word: trust
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Dates: during 1950-1959
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...hattan merchant was trying to repossess her $100 vacuum cleaner. At week's end hostilities cooled as abruptly as they had flared up. The settlement, to which Bobo agreed "in principle," was handsome-and had plenty of principal: for Bobo, $2,000,000 cash, a $1,000,000 trust fund, plus either $70,000-a-year alimony or income from another $500,000 trust fund; for little Winthrop Jr., two trust funds totaling...
...This trust has built up steadily with the expansion of financial centers in the United States. In the last 50 years, for instance, the number of banks has increased almost three-fold. Paralleling this surge are equally swollen opportunities for employees, including college-graduate trainees for executive post...
...Trust bankers are specialists in supervising funds belonging to persons or corporations, frequently managing funds or estates in accordance with trust agreements. A trust banker must exercise prudence and precision in his investments to be sure of sending his client's children through college or of keeping the client comfortable for his years of retirement...
Savings banks, which are mostly concentrated in the states of Massachusetts and New York, rarely accept checking accounts. They provide a safe place for personal savings, and often feature savings bank life insurance and trust facilities...
Four months of intensive training in the foreign exchange, trust and stock transfer departments, two more months in the credit division, six weeks in the branch offices, two weeks with the comptroller, and one or two weeks in each of the investment divisions and the man is ready for promotion...