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. . 2009.

Look at other dictionaries:

  • 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

  • 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

  • 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

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