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Bypass Trust
An agreement allowing parents to pass assets on to their children to reduce estate taxes. The trust must be made irrevocable, meaning that the terms can never be changed.
Copyright © 2005 UNODC - United Nations Office on Drugs and Crime.
See also: provisions , Tranche , European Commission , Offshore financial transactions , European Central Bank |
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Banking INDEX:List of Terms: Terms beginning with "A", Page 1 |
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