NONDISCRETIONARY TRUST

Pronunciation (US): (GB):

Meaning:

An investment trust that can buy only those securities listed when the trust was organized

Synonyms:

fixed investment trust; nondiscretionary trust

Classified under:

Nouns denoting possession and transfer of possession

Hypernyms ("nondiscretionary trust" is a kind of...):

fund; investment company; investment firm; investment trust (a financial institution that sells shares to individuals and invests in securities issued by other companies)