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A "Business Trust" is when a group of people pool their money together to invest in a big project, like buying a building or a piece of land. Each person in the group owns a part of the project, and they share the profits or losses. This is also related to "syndication," which means organizing the group and the investment.
For example, let's say you and your friends want to buy an apartment building. You all put your money together and create a Business Trust. Each of you owns a part of the building, and when you make money from renting the apartments, you all share the profits.
"Wit & Whimsy with the Dumb Ox: Unlocking Knowledge with Rhyme:"
When friends come together with money to share,
A Business Trust forms, with goals they declare.
Pooling their cash for a project so grand,
Like buying a building or a piece of land.
They each own a part of the project, you see,
Sharing the profits, as happy as can be.
A syndicate working together as one,
A Business Trust makes investing quite fun!