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I guess the units are redeemed but payment would be deferred. As in Business debts can be outstanding.

Greatpig I await you next postkeenly, but can I add a variation to this post. If I buy units in a trust this allows me certain interest tax deductions far superior to my wife who has no income. Since I am alreasdy in the top tax bracket. 15 years later I sell the units back to the...