qualified personal-residence trust
An irrevocable trust that is funded with cash and the personal residence of the grantor, who retains the right to dwell in the residence for a specified term of years.
? The trust can receive and hold additional cash to pay for trust expenses, mortgage installments, and improvements to the residence. ¡ª Abbr. QPRT. Cf. personal-residence trust.
What is the Chinese interpretation of qualified personal-residence trust?
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