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 法律翻译晓琳,国际知名商学院金融专业,专注翻译各类与金融服务与投资管理有关的法律文件。