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.
GRANTOR RETAINED INCOME TRUST (GRIT)
Meaning of GRANTOR RETAINED INCOME TRUST (GRIT) in English
Campbell R. Harvey. Hypertextual finance English glossary. Английский словарь гипертекстовых финансов. 2012