| / English Dictionary |
DISCRETIONARY TRUST
| Pronunciation (US): |  | (GB): | |
I. (noun)
Sense 1
Meaning:
A trust that gives the trustee discretion to pay the beneficiary as much of the trust income as the trustee believes appropriate
Classified under:
Nouns denoting possession and transfer of possession
Hypernyms ("discretionary trust" is a kind of...):
trust (something (as property) held by one party (the trustee) for the benefit of another (the beneficiary))
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