GRANTOR TRUST
\ɡɹˈantɔː tɹˈʌst], \ɡɹˈantɔː tɹˈʌst], \ɡ_ɹ_ˈa_n_t_ɔː t_ɹ_ˈʌ_s_t]\
Definitions of GRANTOR TRUST
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a trust established to shift the income to someone who is taxed at a lower rate than the grantor for a period of 10 years or more
By Princeton University
Word of the day
tinctura quininae ammoniata
- A preparation made by dissolving quinin sulphate in alcohol [Br. Ph.].