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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词条贡献者

资深译员Lynn，知名国际商学院金融专业，专注翻译各种与贷款人责任及其他银行业与金融机构诉讼有关的法律文件。