Terminable Interest Property
Смотреть что такое "Terminable Interest Property" в других словарях:
qualified terminable interest property — see property Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 … Law dictionary
terminable interest — see interest 1 Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. terminable interest … Law dictionary
terminable interest — An interest in property which terminates upon the death of the holder or upon the occurrence of some other specified event. The transfer of a terminable interest by one spouse to the other spouse may not qualify for the marital deduction … Black's law dictionary
Qualified Terminable Interest Property (QTIP) Trust — A type of trust that enables the grantor to provide for a surviving spouse and also to maintain control of how the trust s assets are distributed once the surviving spouse has also died. Income, and sometimes principal, generated from the trust… … Investment dictionary
Qualified Terminable Interest Property Trust — ( Q TIP) A trust that allows a surviving spouse to receive income generated from the trust, while the actual distribution of the trust s assets is made to other beneficiaries such as the grantor s children. Bloomberg Financial Dictionary … Financial and business terms
qualified terminable interest property — (Q TIP) See Q TIP trust … Black's law dictionary
terminable interest — noun an interest in property that terminates under specific conditions • Hypernyms: ↑interest, ↑stake … Useful english dictionary
terminable — ter·mi·na·ble / tər mə nə bəl/ adj: capable of being terminated see also qualified terminable interest property at property; terminable interest at interest 1 Merriam … Law dictionary
property — prop·er·ty n pl ties [Anglo French propreté proprieté, from Latin proprietat proprietas, from proprius own, particular] 1: something (as an interest, money, or land) that is owned or possessed see also asset, estate, interest … Law dictionary
nondeductible terminable interest rule — non·de·duc·ti·ble terminable interest rule /ˌnän di dək tə bəl / n: a rule in estate tax law: the value of a property interest that passes to a surviving spouse may not be deducted if it passes from the surviving spouse to another person for less … Law dictionary
interest — in·ter·est / in trəst; in tə rəst, ˌrest/ n [probably alteration of earlier interesse, from Anglo French, from Medieval Latin, from Latin, to be between, make a difference, concern, from inter between, among + esse to be] 1: a right, title, claim … Law dictionary
