grantor retained income trust (GRIT)


A type of trust that holds property transferred to it by the grantor at the inception of the trust, which allows the grantor to retain full rights to any income deriving from the trust for a pre-specified period of time, or until the death of the grantor.
Browse Definitions by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
grantor retained annuity trust (GRAT) grantor to grantee index