| NOUN | possession | grantor trust, Clifford 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 |
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| 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. | |
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| Synonym | Clifford trust | |
| Broader | trust | Something (as property) held by one party (the trustee) for the benefit of another (the beneficiary) |
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