HomeDefinitionsCompareDebt Grantor Retained Income Trust (GRIT)The financial definition for Grantor Retained Income Trust (GRIT):A tax-saving trust in which a grantor transfers property to a beneficiary, but receives income until termination, at which time the beneficiary begins receiving the income. Similar MatchesRetained earningsRetained earningsAccounting earnings that are retained by the firm for reinvestment in its operations; earnings that are not paid out as dividends. Click to compare definitions of Grantor Retained Income Trust (GRIT) Click to view definitions beginning gr |