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English definition of “grantor trust”

grantor trust

noun [C]
 
 
LAW, TAX a type of trust (= a legal arrangement for giving someone property or money) in which the person who has created the trust keeps control of it and has to pay tax on any income from it
FINANCE a type of investment trust (= company investing in other companies for investors) in which each investor owns a part of the companies they have invested in, according to the amount of their investment
(Definition of grantor trust from the Cambridge Business English Dictionary © Cambridge University Press)
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