Law Dictionary

nondeductible terminable interest rule

noun non·de·duc·ti·ble terminable interest rule \ˌnän-di-ˈdək-tə-bəl-\

Legal Definition of nondeductible terminable interest rule

  1. :  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


Seen and Heard

What made you want to look up nondeductible terminable interest rule? Please tell us where you read or heard it (including the quote, if possible).

Love words? Need even more definitions?

Subscribe to America's largest dictionary and get thousands more definitions and advanced search—ad free!

Love words? Need even more definitions?

Subscribe to America's largest dictionary and get thousands more definitions and advanced search—ad free!