Trust created between living individuals that is usually revocable (it can be changed or revoked by the person who created it). Also known as living trust .
Tag: RAW
Inter Vivos
Between living persons.
Inter Vivos Transfer
Transfer of all or a portion of the assets of a person’s estate while that person is still alive.
Inter vivos transfer (Legal Terminology)
When all or a part of a person’s estate is transferred before that person’s death.
Inter vivos trust (Legal Terminology)
A trust created and made effective during the grantor’s lifetime.
Inter-Locutory
Incidental, partial or interim in the course of legal proceedings.
Interactive transaction
Back and forth communication between user and computer.
Interagency agreement
Written contract in which a federal agency agrees to provide to, purchase from, or exchange with another federal agency, services (including data), supplies, or equipment. Interagency agreements are between at least one component with the Department of Health and Human Services (DHHS) and another federal agency or component thereof.
Interest
The rate of return earned on the premium the company has invested over the term of the policy.
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(i) The relationship of the assured, or reassured, to the subject matter exposed to risk. (ii) The sum paid for use of money, a participation. (iii) A property in land or chattels used in conjunction with the terms, right, estate and title.
Interest adjusted cost (Life Insurance)
A way of calculating the true cost of life insurance that accounts for the interest the money used to pay premiums would have accrued if the money had been invested.