GRANTOR RETAINED INCOME TRUST (GRIT)


Meaning of GRANTOR RETAINED INCOME TRUST (GRIT) in English

A tax-saving trust in terms of which the grantor transfers property to the beneficiary but receives income until termination, at which time the beneficiary begins receiving it.

Campbell R. Harvey. Hypertextual finance English glossary.      Английский словарь гипертекстовых финансов.