The meaning of GRANT is to consent to carry out for a person : allow fulfillment of. How to use grant in a sentence. Synonym Discussion of Grant.
A quitclaim deed is a type of deed that transfers any interest that the grantor may have in the property to the grantee. However, it does not provide any guarantees or warranties about the status of the title. This type of deed is often used in situations where the grantor is not sure ...
Security Providermeans a person which, in accordance with the provisions of this Agreement, provides or is to provide any guarantee or other surety or security in respect of that Party’s obligations under this Agreement; Note Partymeans the Issuer and each Guarantor. ...
Additional GrantorsEach Subsidiary of the Borrower that is required to become a party to this Agreement pursuant to Section 6.10 of the Credit Agreement shall become a Grantor for all purposes of this Agreement upon execution and delivery by such Subsidiary of an Assumption Agreement in the form ...
A credit grantor’s primary goal is to assess the risk associated with lending money and make informed decisions on extending credit. By carefully evaluating a borrower’s creditworthiness, credit grantors mitigate their risk of lending to individuals who are unlikely to repay the credit. This help...
Revocable living trust:This isthe simplest and most basic type of grantor trust. The grantor creates the trust and funds it by transferring assets into the trust. The trustee, which can be the grantor if they so desire, is responsible for managing the trust in accordance with the grantor’s...
As with most estate-planning techniques, there are risks to consider before deciding whether this strategy is appropriate. Mortality risk In order for the appreciation in the GRAT to pass to heirs free of estate and gift tax, the grantor must survive the term of the GRAT. If the grantor pas...
This is also why assets cannot be transferred to the trust after it is created. What these trusts have in common is that the trust property is given as a gift to beneficiaries who will receive it when the trust ends, but the grantor retains an interest in the trust during the trust's ...
This example is from Wikipedia and may be reused under a CC BY-SA license. If the grantor maintains control of the trust, then grantortrust rules will apply. From Wikipedia This example is from Wikipedia and may be reused under a CC BY-SA license. It is sometimes also referred to ...
The property is transferred out of the grantor's estate and into a trust with an irrevocable trust, which would then effectively own that property. Individuals often do this to ensure property is passed down to family members. A gift tax may be levied on the grantor based on the property's...