Definitions for "GRAT"
a post-1990 trust that pays the grantor a fixed payment annually; the value of the grantor's retained interest can be taken into account in reducing the value of the gift to the remaindermen, if the GRAT requirements are met
a Grantor Retained Annuity Trust
an irrevocable trust into which the settlor makes a gift of property and retains an annuity payable for a term of years
Keywords:  likeable, wonderful, pleasing
wonderful, pleasing, likeable ("gratus" "gratissima")
Rare but extremely unpleasant pest of the Posleen. Resembles a very large ant and forms colonies.
Keywords:  reduce, estate, tax, means, control
a means to reduce estate tax without giving up control