charitable remainder annuity trust
A form of charitable remainder trust in which the trustee pays the income beneficiary a fixed amount each year.
Compare to Charitable Remainder Unitrust.
Definition from Nolo’s Plain-English Law Dictionary
A kind of charitable remainder trust in which the income beneficiary is paid a fixed amount by the trustee each year.
Definition provided by Nolo’s Plain-English Law Dictionary.
August 19, 2010, 5:12 pm
