GIFT-LEASEBACK
\ɡˈɪftlˈiːsbak], \ɡˈɪftlˈiːsbak], \ɡ_ˈɪ_f_t_l_ˈiː_s_b_a_k]\
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Transferring assets or property ownership to a trust or beneficiary by signed arrangement. The original owner rents / leases the property or assets back from the trust or beneficiary after signing the arrangement. A tax advantage is usually gained.
By Henry Campbell Black
Word of the day
Platidiam
- An inorganic water-soluble platinum complex. After undergoing hydrolysis, it reacts DNA produce both intra interstrand crosslinks. These crosslinks appear to impair replication and transcription of DNA. The cytotoxicity cisplatin correlates with cellular arrest in G2 phase cell cycle.