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单词 Clifford trust
释义 Clifford trust
 Law.
 a type of living trust set up for at least a 10-year period, during which the income goes to a beneficiary and after which the principal reverts to the grantor.
 [after George B. Clifford, plaintiff in a suit against the Internal Revenue Service in 1940; regulations resulting from the suit defined the trust]
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更新时间:2024/11/16 23:27:31