regrat
 v.— «Grantor-retained annuity trusts, or GRATs, let a person avoid a gift tax when giving money earned on hedge funds, private equity, real estate, stocks and other assets. […] Market shocks that started last year threaten GRATs created over the past few years. So, many people are trying to salvage trusts created in 2005, 2006, 2007 and even 2008 with a technique known as “regratting.” Recent months have seen “an unusually active period of regratting,” says Beth Rodriguez, wealth adviser at J.P. Morgan Private Bank in Chicago. Many clients have regratted, some with six or seven such trusts at a time, she adds. The process involves replacing assets in an existing GRAT, such as stock, with others, such as cash, of an equal amount. The person then takes the shares and puts them into a new GRAT.» —“Revising Grantor-Retained Annuity Trusts” by Arden Dale Wall Street Journal May 4, 2009. (source: Double-Tongued Dictionary)

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