- nondiscretionary trust
- A personal trust whose trustee has no discretion in deciding how income will be distributed to the beneficiary. Bloomberg Financial Dictionary
Financial and business terms. 2012.
nondiscretionary trust
Look at other dictionaries:
nondiscretionary trust — A trust in which the trustee has no discretion about how to spend or invest trust funds. Also called a fixed trust. Category: Wills, Trusts & Estates → Living Trusts & Avoiding Probate Nolo’s Plain English Law Dictionary. Gerald N. Hill, Kathleen … Law dictionary
nondiscretionary trust — noun an investment trust that can buy only those securities listed when the trust was organized • Syn: ↑fixed investment trust • Hypernyms: ↑investment company, ↑investment trust, ↑investment firm, ↑fund … Useful english dictionary
trust — n 1 a: a fiduciary relationship in which one party holds legal title to another s property for the benefit of a party who holds equitable title to the property b: an entity resulting from the establishment of such a relationship see also… … Law dictionary
investment trust — noun a financial institution that sells shares to individuals and invests in securities issued by other companies • Syn: ↑investment company, ↑investment firm, ↑fund • Derivationally related forms: ↑fund (for: ↑fund) … Useful english dictionary
fixed investment trust — noun an investment trust that can buy only those securities listed when the trust was organized • Syn: ↑nondiscretionary trust • Hypernyms: ↑investment company, ↑investment trust, ↑investment firm, ↑fund … Useful english dictionary
fixed trust — See: nondiscretionary trust Category: Wills, Trusts & Estates → Living Trusts & Avoiding Probate Nolo’s Plain English Law Dictionary. Gerald N. Hill, Kathleen Thompson Hill. 2009 … Law dictionary
investment company — noun a financial institution that sells shares to individuals and invests in securities issued by other companies • Syn: ↑investment trust, ↑investment firm, ↑fund • Derivationally related forms: ↑fund (for: ↑fund) … Useful english dictionary
investment firm — noun a financial institution that sells shares to individuals and invests in securities issued by other companies • Syn: ↑investment company, ↑investment trust, ↑fund • Derivationally related forms: ↑fund (for: ↑fund) … Useful english dictionary
duty — du·ty n pl du·ties [Anglo French deuté indebtedness, obligation, from deu owing, due, from Old French see due] 1: tasks, service, or functions that arise from one s position performing a police officer s duties; also: a period of being on duty… … Law dictionary
non-discretionary — UK US (also nondiscretionary) adjective ► FINANCE, LAW not having the right to decide for someone how their money should be invested, when it should be paid to them, etc.: a non discretionary trust/fund/account »My wife and I recently made a non… … Financial and business terms
