Terminable Interest Property

См. также в других словарях:

• qualified terminable interest property — see property Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 …   Law dictionary

• terminable interest — see interest 1 Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. terminable interest …   Law dictionary

• terminable interest — An interest in property which terminates upon the death of the holder or upon the occurrence of some other specified event. The transfer of a terminable interest by one spouse to the other spouse may not qualify for the marital deduction …   Black's law dictionary

• Qualified Terminable Interest Property (QTIP) Trust — A type of trust that enables the grantor to provide for a surviving spouse and also to maintain control of how the trust s assets are distributed once the surviving spouse has also died. Income, and sometimes principal, generated from the trust… …   Investment dictionary

• Qualified Terminable Interest Property Trust — ( Q TIP) A trust that allows a surviving spouse to receive income generated from the trust, while the actual distribution of the trust s assets is made to other beneficiaries such as the grantor s children. Bloomberg Financial Dictionary …   Financial and business terms

• qualified terminable interest property — (Q TIP) See Q TIP trust …   Black's law dictionary

• terminable interest — noun an interest in property that terminates under specific conditions • Hypernyms: ↑interest, ↑stake …   Useful english dictionary

• terminable — ter·mi·na·ble / tər mə nə bəl/ adj: capable of being terminated see also qualified terminable interest property at property; terminable interest at interest 1 Merriam …   Law dictionary

• property — prop·er·ty n pl ties [Anglo French propreté proprieté, from Latin proprietat proprietas, from proprius own, particular] 1: something (as an interest, money, or land) that is owned or possessed see also asset, estate, interest …   Law dictionary

• nondeductible terminable interest rule — non·de·duc·ti·ble terminable interest rule /ˌnän di dək tə bəl / n: a rule in estate tax law: the value of a property interest that passes to a surviving spouse may not be deducted if it passes from the surviving spouse to another person for less …   Law dictionary

• interest — in·ter·est / in trəst; in tə rəst, ˌrest/ n [probably alteration of earlier interesse, from Anglo French, from Medieval Latin, from Latin, to be between, make a difference, concern, from inter between, among + esse to be] 1: a right, title, claim …   Law dictionary