grantor retained income trustglossary / grantor-retained income trust A trust in which a gift’s value can be reduced by the grantor’s retaining an income interest, for a specified time, in the gifted property. — Sometimes shortened to retained income trust. — Abbr. GRIT. 词条贡献者 资深译员Chris,毕业于一所培养高级翻译以及跨文化事务专家的精英大学,专注翻译各种与卫星及航天技术诉讼有关的法律文件。