charitable-remainder annuity trust
A charitable-remainder trust in which the beneficiaries receive for a specified period a fixed payment of 5% or more of the fair market value of the original principal, after which the remaining principal passes to charity. ¡ª Abbr. CRAT.
¡ª Also termed charitable-remainder-trust retirement fund. [Cases: Charities 6; Trusts 281. C.J.S. Charities ¡ì 4; Trover and Conversion ¡ì 532.]
How to translate the legal term charitable-remainder annuity trust in Chinese?
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