HyperDic: clifford_trust

English > 1 sense of the expression *Clifford trust*:
NOUN	possession	Clifford trust, grantor trust	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

English > *Clifford trust*: 1 sense > noun 1, possession
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.
Synonym	grantor trust
Broader	trust	Something (as property) held by one party (the trustee) for the benefit of another (the beneficiary)