HyperDic: clifford_trust

English > 1 sense of the expression Clifford trust:
NOUNpossessionClifford trust, grantor trusta 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
English > Clifford trust: 1 sense > noun 1, possession
MeaningA 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.
Synonymgrantor trust
BroadertrustSomething (as property) held by one party (the trustee) for the benefit of another (the beneficiary)

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