An annuity transferred from one individual to another, often between family members. It can be any major asset transfer, which can in cases be free from taxing, but must be paid for by the recipient.

Previous Terms: 1031 Exchange, 1035 Exchange, AARP, Abeyance, Abstraction Principle, Accelerated Amortization, Acceptance Credit, Acceptance of a Bill of Exchange, Accommodation Bill, Accommodation Endorser