anticipatory assignment
Defined in 1 dictionary — Case Law
Definitions from Case Law
From 356 U.S. 260 - Commissioner of Internal Revenue v. P G Lake · 1958Most cited · 1,055 citing opinions
if one, entitled to receive at a future date interest on a bond or compensation for services, makes a grant of it by anticipatory assignment, he realizes taxable income as if he had collected the interest or received the salary and then paid it over