Charitable remainder annuity trust

Definition
: a charitable remainder trust in which the named beneficiaries receive a fixed payment of not less than five percent of the fair market value of the original principal over the course of a specified period after which the remaining principal passes to charity



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Based on Merriam-Webster's Dictionary of Law ©2001.
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collateral estoppel

estoppel by judgment barring the relitigation of issues litigated by the same parties on a different cause of action


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