spendthrift trust

/ˌspɛn(d)ˈθrɪft trəst/
IPA guide

Other forms: spendthrift trusts

Definitions of spendthrift trust
  1. noun
    a trust created to maintain a beneficiary but to be secure against the beneficiary's improvidence
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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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