charitable remainder trust retirement fund
charitable-remainder-trust retirement fund. See charitable-remainder annuity trust under TRUST.
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charitable remainder annuity trust
A charitable-remainder trust in which the beneficiaries receive for a specified period a fixed payment of 5% or more of the fair market value of the original principal, after which the remaining principal passes to charity. — Abbr. CRAT. — Also termed charitable-remainder-trust retirement fund. [Cases: Charities 6; Trusts 281. C.J.S. Charities § 4; Trover
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