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What does RAP stand for?

Rule Against Perpetuities (law)


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This definition appears very rarely

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Samples in periodicals archive:
No perpetuities restrictions STAR trusts are not subject to the rule against perpetuities, which makes it possible to have a STAR trust which has an unlimited life.
The exercise of this power may not be used to appoint in favor of the trustee or the trustee's creditors and cannot be used in a manner that would postpone the vesting of the trust estate beyond the rule against perpetuities.
The optimal trust term to defer transfer taxes is a trust that will end on the expiration of the period established by the Rule Against Perpetuities.

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