Meaning GRANTOR RETAINED INCOME TRUST (GRIT): A tax-saving trust in which a grantor transfers property to a beneficiary, but receives income until termination, at which time the beneficiary begins receiving the income
More terms such as Grantor Retained Income Trust (GRIT) in Dictionary G.
- Definition Growth Manager:
- Examples A money manager who seeks to buy stocks that typically sell at relatively high P/E ratios due to high earnings growth, with the expectation of continued high or higher earnings growth grantor retained income trust (grit) definition.
- Definition Growing Equity Mortgage (GEM):
- Examples Mortgage with a fixed interest rate and payments that increase throughout the term of the mortgage grantor retained income trust (grit) explain.
- Definition GNMA Midget:
- Examples A GNMA pass-through certificate backed by fixed-rate mortgages with a 15-year maturity. GNMA Midget is a dealer term and is not used by GNMA in the formal description of its programs grantor retained income trust (grit) what is.
- Definition Guaranteed Investment Contract (GIC):
- Examples product in which a life company agrees, for a single premium, to pay at a maturity date the principal amount of a predetermined annual crediting (interest) rate over the life of the investment grantor retained income trust (grit) meaning.
- 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 grantor retained income trust (grit) abbreviation.
