charitable lead trust

  

Definition

Arrangement under which a qualified charitable organization receives income from an asset for a fixed period or during the lifetime of the donor. Upon the termination of the trust, the asset reverts to the donor's estate. See also charitable remainder trust.



http://www.businessdictionary.com/definition/charitable-lead-trust.html

Browse by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z