discretionary trust
Noun
-
A trust that gives the trustee discretion to pay the beneficiary as much of the trust income as the trustee believes appropriate (synset 113383713)
is a type of: trust - something (as property) held by one party (the trustee) for the benefit of another (the beneficiary)
Found on Word Lists
Other Searches
- Rhyme: Dillfrog, RhymeZone
- Definition: Wiktionary, Dictionary.com, Wikipedia, Merriam-Webster, WordNet, Power Thesaurus
- Imagery: Google, Flickr, Bing