Meaning GIFT SPLITTING: A technique used to avoid a gift tax in which a large sum of money to be given by two parents to a child is halved and given to the child separately For example, a husband and wife each donate $10,000 to their child rather than one parent donating $20,000
More terms such as Gift splitting in Dictionary G.
- Definition Gain:
- Examples A profit on a securities transaction recognized by selling a security for more than the security originally cost. The gain is the difference between the cost and the sale gift splitting definition.
- Definition Guaranteed Bond:
- Examples A type of bond for which a firm other than the issuer guarantees its interest and principal payments gift splitting explain.
- Definition General Account:
- Examples Federal Reserve Board's term for a margin account provided to a customer by a brokerage firm. Governed by Regulation T of the FED gift splitting what is.
- Definition Global Bonds:
- Examples Bonds designed to qualify for immediate trading in any domestic capital market and in the Euromarket gift splitting meaning.
- Definition G:
- Examples Fifth letter of a Nasdaq stock symbol specifying that the issue is the first convertible bond of the company gift splitting abbreviation.
