Americus Trust

Americus Trust

A trust containing common stock that issued two types of units representing that stock: primes and scores. Holders of primes received all dividends that were issued for the life of the trust plus, at maturity, the total value of the share up to a certain amount. Score holders received the excess of that certain amount. Americus trusts no longer exist as the result of a tax ruling in 1987 that eliminated most of their tax advantages. See also: PERC.