grit

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Related to Grantor Retained Income Trust: IDGT

grit

(grit)
Denotes the size of a particle found on the surface of abrasive materials.

grit,

n the measurement of the abrasive particle size.

grit

a necessary part of the diet of birds especially layers. Plays a part in the trituration that goes on in the gizzard. Usually supplied as shellgrit or crushed limestone to add calcium to the diet.

grit pad
a laceration of the pad permits entry of pieces of grit causing lameness in dogs, especially racing Greyhounds. The grit works its way through the pad and may even invade the flexor tendon.
References in periodicals archive ?
The appeal of using a grantor retained income trust (GRIT) has been reduced because of the unlikelihood that a retained interest will be considered a qualified interest.
2036-1 in the final and proposed regulations provide detailed guidance on the portion of charitable remainder trusts (CRTs) and grantor retained income trusts (GRITs) that must be included in a grantor's gross estate.
TECHNIQUES EMPLOYED TO TRANSFER FUTURE APPRECIATION Pages * Installment Sales 50-53, 446 * Private Annuities 50-53, 496 * Gifts 54-61 * Intentionally Defective Trusts 78-81 * Family Limited Partnerships 178-179, 483 * Recapitalizations 182-185 * Family Holding Companies 429 * Grantor Retained Income Trusts (GRITs) 437 * Grantor Retained Annuity Trusts (GRATs) 70-73, 437 * Grantor Retained Unitrusts (GRUTs) 437 * Remainder Interest Transactions (RITs) 516