1. a trust established to shift the income to someone who is taxed at a lower rate than the grantor for a period of 10 years or more; [syn: Clifford trust, grantor trust]
WordNet (r) 3.0 (2006):
grantor trust
n 1: a trust established to shift the income to someone who is
taxed at a lower rate than the grantor for a period of 10
years or more [syn: Clifford trust, grantor trust]