charitable remainder unitrust
A form of charitable remainder trust in which the annual payment to the income beneficiary is based on a percentage of the trust.
Compare to Charitable Remainder Annuity Trust
Definition from Nolo’s Plain-English Law Dictionary
A kind of charitable remainder trust in which the trustee pays the income beneficiary an amount equal to a percentage of the trust assets each year.
Definition provided by Nolo’s Plain-English Law Dictionary.
August 19, 2010, 5:12 pm
