Dictionary of Banking Terms: gift causa mortis
gift causa mortis
gift of personal property by a person anticipating death. The gift, which is legally effective only after the donor's death, can reduce inheritance taxes that would otherwise be payable. Contrast with gift inter vivos.
Dictionary of Business Terms: gift causa mortis
gift causa mortis
transfer of property by a person who faces impending death. The donee therefore shall become the owner of the property, but on condition that the donor's failure to die shall revoke the gift.