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What does grantor mean?

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grantor
Noun

1. The contributor of assets to a grantor trust and creator of the trust relationship, who is the owner of the assets initially contributed and who retains control over the trust assets and distribution of its income.
2. The originator of a loan in which participates provide the funding of the loan without recourse to the lender and without privity between the participant and the borrower.

Synonym(s): 
  • creator (1.); existing lender (2.); lender of record (2.); settlor (1.); trustor (1.).
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