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

双语律师Terence，国际知名法学院法律专业，擅长翻译各类与油气、资源与采矿业相关的法律文件。