CLIFFORD TRUST

Pronunciation (US):

(GB):

 I. (noun) 

Sense 1

Meaning:

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

Synonyms:

Clifford trust; grantor trust

Classified under:

Nouns denoting possession and transfer of possession

Hypernyms ("Clifford trust" is a kind of...):

trust (something (as property) held by one party (the trustee) for the benefit of another (the beneficiary))

Credits