presently ascertainable value
Defined in 1 dictionary — Case Law
Definitions from Case Law
From 320 U.S. 256 - Merchants Nat Bank of Boston v. Commissioner of Internal Revenue · 1943Most cited · 570 citing opinions
Only where the conditions on which the extent of invasion of the corpus depends are fixed by reference to some readily ascertainable and reliably predictable facts do the amount which will be diverted from the charity and the present value of the bequest become adequately measurable.