What Is the Justification for the Terminable Interest Rule That

question 61

Essay

What is the justification for the terminable interest rule that is applicable to the marital deduction?

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Definitions:

Interest

The cost of borrowing money, typically expressed as a percentage of the amount borrowed, paid to the lender over a specific period.

World's Population

The total number of people living on Earth at any given time, an ever-changing figure due to births, deaths, and migration.

Living Standards

The measure of financial wealth, comfortability, possessions in terms of goods, and necessary items afforded to a distinct social class or area.

Birthrates

The number of live births per thousand of the population in a given period, used as an indicator of population growth.