look back period
n.— «The law discourages gifts to families and charities by increasing what’s known as the “look back” period from three to five years. This is the period in which a gift can still be considered an asset of the giver. For example, if a senior citizen gave twenty five thousand dollars to a grandchild’s education or a non-profit four-and-a-half years ago, that money can still be considered the asset of the senior citizen, which might be enough to make him or her ineligible for Medicaid assistance for nursing home care.» —“New Law Puts Non-Profits at Risk” by Al Rothstein onPhilanthropy Aug. 2, 2006. (source: Double-Tongued Dictionary)
Further reading
If you speak a second or third language, you may remember the first time you dreamed in that new tongue. But does this milestone mean you’re actually fluent? And a couple’s dispute over the word regret: Say you wish you’d been able...
While reading Great Expectations (Bookshop|Amazon) by Charles Dickens, a listener in Arlington, Texas, is surprised when one of the characters inherits some money, which Dickens describes as a cool four thousand. Were they really using cool that way...