nondeductible terminable interest rule

noun

non·​de·​duc·​ti·​ble terminable interest rule
ˌnän-di-ˈdək-tə-bəl-
: a rule in estate tax law: the value of a property interest that passes to a surviving spouse may not qualify for the marital deduction if it passes from the surviving spouse to another person for less than adequate consideration upon the happening of some event (as the passing of a period of time) see also qualified terminable interest property at property

Dictionary Entries Near nondeductible terminable interest rule

nondeadly force

nondeductible terminable interest rule

nondelegable

Cite this Entry

“Nondeductible terminable interest rule.” Merriam-Webster.com Legal Dictionary, Merriam-Webster, https://www.merriam-webster.com/legal/nondeductible%20terminable%20interest%20rule. Accessed 25 Jun. 2024.

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