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))

Credits