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单词 clifford trust
释义

Clifford trust


noun 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.

Origin of Clifford trust

after George B. Clifford, plaintiff in a suit against the Internal Revenue Service in 1940; regulations resulting from the suit defined the trust

Words nearby Clifford trust

cliff dweller, cliff-hang, cliffhanger, cliff-hanging, Clifford, Clifford trust, Cliffside Park, Cliffs Notes, cliff swallow, cliffy, clift
Dictionary.com UnabridgedBased on the Random House Unabridged Dictionary, © Random House, Inc. 2020
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更新时间:2024/11/13 13:23:29