Definition of «simple purpose»

The phrase "simple purpose" means a goal or an objective that is clear, straightforward and uncomplicated. It refers to something that can be easily understood and does not require any further explanation or elaboration. In other words, it is a simple aim with no hidden agendas or complexities involved.

Sentences with «simple purpose»

I liked simple games with simple purposes: hit that guy, move to the right. (thenewgamer.com)
The ILIT or irrevocable life insurance trust is an inter vivos trust (as opposed to both the credit shelter trust and the QTIP trust which are both testamentary trusts) and is designed with a very simple purpose in mind: the ILIT owns a life insurance policy on the life of the trust grantor so that the death benefit proceeds from the life insurance policy will not be included in the federal gross estate of the insured upon their death. (freemoneyfinance.com)
The ILIT or irrevocable life insurance trust is an inter vivos trust (as opposed to both the credit shelter trust and the QTIP trust which are both testamentary trusts) and is designed with a very simple purpose in mind: the ILIT owns a life insurance policy on the life of the trust grantor so that the death benefit proceeds from the life insurance policy will not be included in the federal gross estate of the insured upon their death. (freemoneyfinance.com)
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