CRU

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CRU

abbreviation for COMPENSATION RECOVERY UNIT.
References in periodicals archive ?
CRUT reserves the right to accept or re.ect bid process without assigning any reasons thereof.
Comment: It is hard to tell from the letter ruling why the taxpayer created the CRUT, but the taxpayer clearly did not want the private foundation rules to apply.
(6) In an effort to assist taxpayers and drafters of CRTs (and consequently reduce the administrative burden of technically deficient trusts that were clearly intended to be CRTs), beginning in 1989, the Internal Revenue Service promulgated sample trust language (most recently updated in 2003 and 2005) for CRATs and CRUTs. (7) While the existence of government-issue CRT forms should have substantially reduced the need for a qualified reformation regime, it appears, at least based on private letter rulings (PLRs) issued in this area, that practitioners continue to draft impermissible split-interest trusts.
CRUTs are better suited for illiquid assets, but you'll need expert advice if your client wants to transfer non-financial assets to a trust.
Wound surface was covered by crut containing blood clot, abundant inflammatory cells and necrotic tissue debris.
This technique begins with a NIMCRUT, or a NICRUT (similar to a NIMCRUT but without the makeup provisions), that is converted to a standard CRUT upon the occurrence of an approved triggering event.
Such retained annuity, unitrust, and income (or use) interests are generally found in GRITs, GRATs, GRUTs, PRTs, QPRTs, CRATs, and CRUTs, but can be found in other trusts as well.
A Mr Collingwood took a cod of 12-14-0 from the Rat House Corner, Dale Crut taking one of 9-8-0, Kenny McCoy taking some nice whiting to well over 1lb and cod to 3lb, and Trevor Green taking cod of 2lb and 4lb, all fished Roker pier.
A charitable remainder unitrust (CRUT) is similar to a CRAT, but with a few important differences.
Product Strategy 6: Decrease Estate Tax Liability and Generate Income through Use of a CRAT, CRUT, or Pooled Income Fund
The IRS has determined that such transactions disqualify a charitable remainder unitrust (CRUT) because the trust income may be used to discharge an obligation of the owner.