If you want the trust to hold the shares longer than that, however, you need to have special S Corporation provisions added to your trust, so that the trust can be a permitted shareholder under the IRSâs regulationsâonly certain kinds of trusts are allowed to hold stock in S Corps.
Affect is the experience of feeling or emotion. Affect is a key part of the process of an organism's interaction with stimuli. The word also refers sometimes to affect display, which is a facial, vocal, or gestural behavior that serves as an indicator of affect (APA 2006). The affective domain represents one of the three divisions described in modern psychology: the cognitive, the conative, and the affective.
Princeton's WordNet(4.50 / 4 votes)Rate this definition: 1  affect(verb) the conscious subjective aspect of feeling or emotion. 2  affect, impact, bear upon, bear on, touch on, touch(verb) have an effect upon. 3  affect(verb) act physically on; have an effect upon. 4  involve, affect, regard(verb) connect closely and often incriminatingly.