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Investing Glossary:
Generation-skipping transfer or trust
Copyright 2010,
Campbell R. Harvey. All Rights Reserved.
Do not reproduce without explicit permission.
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| Term: |
| Generation-skipping transfer or trust
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| Definition: |
| A Trust in which a Principal amount is placed in a trust On the death of person A and is transferred to A`s grandchildren when A`s children die. The income from the trust Goes to the children of person A while they survive.
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