MATCHING: -An Immediate and Unrestricted Interest in Real or Personal Property

question 18

Multiple Choice

MATCHING:
-An immediate and unrestricted interest in real or personal property

• A)marital deduction
• B)charitable remainder
• C)gift splitting
• D)present interest
• E)legal life estate
• F)stepped-up basis
• G)general power of appointment
• H)term life insurance
• I)disclaimer
• J)bypass trust

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Definitions:

Consumer Financial Protection Bureau

A U.S. government agency aimed at ensuring consumers are treated fairly by banks, lenders, and other financial institutions, and protecting consumers from unfair, deceptive, or abusive practices.

Financial Crisis

A significant disruption in the flow of funds within financial markets and institutions, leading to a severe decline in asset values and liquidity, often resulting in a recession.

Economies of Scale

The cost advantages that enterprises obtain due to their scale of operation, resulting in reduced costs per unit of output.

Chain Retailers

Retail businesses that operate multiple outlets under the same brand or ownership, offering consistent products and services across locations.