crt
CRT.abbr. 1. CRITICAL RACE THEORY. 2. See charitable-remainder trust under TRUST.
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critical race theory
Critical Race Theory. 1. A reform movement within the legal profession, particularly within academia, whose adherents believe that the legal system has disempowered racial minorities. • The term first appeared in 1989. Critical race theorists observe that even if the law is couched in neutral language, it cannot be neutral because those who fashioned it
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charitable remainder trust
A trust that consists of assets that are designated for a charitable purpose and that are paid over to the trust after the expiration of a life estate or intermediate estate. — Abbr. CRT. — Also termed split-interest trust. [Cases: Charities 4. C.J.S. Charities §§ 3–4.]
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