SPENDTHRIFT TRUST

Pronunciation (US):

(GB):

 I. (noun) 

Sense 1

Meaning:

A trust created to maintain a beneficiary but to be secure against the beneficiary's improvidence

Classified under:

Nouns denoting possession and transfer of possession

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

trust (something (as property) held by one party (the trustee) for the benefit of another (the beneficiary))

Credits