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Meaning of Clifford trust

Clif'ford trust"

Pronunciation: [key]
— Law. Law.
  1. a type of living trust set up for at least a 10-year period, during which the income goes to a beneficiary and after which the principal reverts to the grantor.
Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease.