English Dictionary

DISCRETIONARY TRUST

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IPA (US): 

 Dictionary entry overview: What does discretionary trust mean? 

DISCRETIONARY TRUST (noun)
  The noun DISCRETIONARY TRUST has 1 sense:

1. a trust that gives the trustee discretion to pay the beneficiary as much of the trust income as the trustee believes appropriateplay

  Familiarity information: DISCRETIONARY TRUST used as a noun is very rare.


 Dictionary entry details 


DISCRETIONARY TRUST (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))


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