Meaning CHARITABLE REMAINDER TRUST: An irrevocable trust that pays income to a designated person or persons until the grantor's death, when the income is passed on to a designated charity. A charitable lead trust by contrast allows the charity to receive income during the grantor's life, and the remaining income to pass to designated family members upon the grantor's death
More terms such as Charitable remainder trust in Dictionary C.
- Definition Collateralized Mortgage Obligation (CMO):
- Examples by a pool of pass-through rates , structured so that there are several classes of bondholders with varying maturities, called tranches. The principal payments from the underlying pool of pass-through charitable remainder trust definition.
- Definition Call Loan:
- Examples A loan repayable on demand. Sometimes used as a synonym for broker loan or broker overnight loan charitable remainder trust explain.
- Definition Collar:
- Examples An upper and lower limit on the interest rate on a floating-rate note (FRN) or an adjustable-rate mortgage (ARM charitable remainder trust what is.
- Definition Collateral:
- Examples Asset than can be repossessed if a borrower defaults charitable remainder trust meaning.
- Definition Corporate Bonds:
- Examples Debt obligations issued by corporations charitable remainder trust abbreviation.
