discretionary trust

/dəˌskrɛʃəˈnɛri trəst/
IPA guide

Other forms: discretionary trusts

Definitions of discretionary trust
  1. noun
    a trust that gives the trustee discretion to pay the beneficiary as much of the trust income as the trustee believes appropriate
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    type of:
    trust
    something (as property) held by one party (the trustee) for the benefit of another (the beneficiary)
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