Clifford trust

/ˈklɪfərd trəst/
IPA guide

Definitions of Clifford trust
  1. noun
    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: grantor trust
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    type of:
    trust
    something (as property) held by one party (the trustee) for the benefit of another (the beneficiary)
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