| 单词 | clifford trust |
| 释义 | Clifford trust in American Englishnoun Law a type of living trust set up for at least a 10-year period, during which the income goes to a beneficiary and after which the principal reverts to the grantor Word origin [after George B. Clifford, plaintiff in a suit against the Internal Revenue Service in 1940; regulations resultingfrom the suit defined the trust] |
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