Black's law dictionary. HENRY CAMPBELL BLACK, M. A.. 1990.
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
terminable interest — see interest 1 Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. terminable interest … 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
property law — Introduction principles, policies, and rules by which disputes over property are to be resolved and by which property transactions may be structured. What distinguishes property law from other kinds of law is that property law deals with… … Universalium
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
terminable interest — noun an interest in property that terminates under specific conditions • Hypernyms: ↑interest, ↑stake … Useful english dictionary
qualified terminable interest property — see property Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 … 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
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
