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Gift splitting |
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Gift splittingA technique used to avoid a gift tax in which a large sum of money to be given by two parents to a child is halved and given to the child separately For example, a husband and wife each donate $10,000 to their child rather than one parent donating $20,000.Gift splitting Similar MatchesOrder splittingOrder splittingBreaking up orders so that they can be processed as small orders for execution by SOES. Prohibited by NASD. |
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