clat


Also found in: Medical, Acronyms.

clat

(klæt)
n
dialect an irksome or troublesome task
References in periodicals archive ?
83-75, (36) which concludes that a non-grantor CLAT realizes gain when it satisfies the charitable annuity by the transfer of appreciated securities to the charity.
It was calculated that, based on the applicable federal rate (AFR) and assuming an 8% charitable lead interest for 10 years, the charitable deduction to the estate was equal to about 65% of the assets transferred to the CLAT.
However, there are special rules regarding the allocation of GST tax exemption to a CLAT, which do not apply to a CLUT.
For every sentence authors write, they see the actual editor, as well as corresponding wording and terminology entries from the Across databases and marks of the rule-based quality assurance by CLAT.
If the trust is a nongrantor CLAT, the grantor receives no charitable deduction for income tax purposes upon the creation of the trust.
Finding that the daughter's disclaimer was not a qualified disclaimer, the Tax Court held that the annuity interest in the CLAT passing to charity did not qualify for the estate tax charitable deduction under Sec.
The Controlled Language Authoring Tool CLAT was developed by IAI and is based on the same technology as the award-winning "DUDEN Korrektor," sold by Brockhaus Publishers.
The Tax Court distinguished the case before it from Proctor because the defined-value clause would not "undo" the transfer, it would only reallocate the value transferred among the daughter, the CLAT, and the family foundation.
If properly structured, Will should also receive a charitable gift tax deduction, and the value of the CLAT should not be taxable in his estate at his death.
CLAT from IAI (Institute for Applied Information Science at Saarland University) facilitates quality proofing of texts, for example, to verify compliance with grammar rules or terminology conventions.
While each approach has its pros and cons, a CLAT works particularly well in a low interest rate environment.
A CLAT functions similarly to a charitable remainder annuity trust, except that the current payments are made to the charity instead of the trust grantor.