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Community Property Law Has Been Influential in the Enactment of Several

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Essay

Community property law has been influential in the enactment of several provisions of the Federal estate and gift tax. In this regard, comment on the marital deduction under §§ 2056 and 2523.


Definitions:

Original Loan

The initial amount of money borrowed in a loan agreement before any repayments or interest payments are made.

Guaranteed Investment Certificate

A Guaranteed Investment Certificate (GIC) is a Canadian investment that offers a guaranteed rate of return over a fixed period, often with fixed interest rates.

Compounded Quarterly

Interest that is calculated and added to the principal at the end of every quarter, leading to an increase in the amount of subsequent interest.

Maturity Value

The amount payable to an investor at the end of a fixed term investment, including the principal and interest.

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