NONDISCRETIONARY TRUST

Pronunciation (US):

(GB):

 Dictionary entry overview: What does nondiscretionary trust mean? 

• NONDISCRETIONARY TRUST (noun)
  The noun NONDISCRETIONARY TRUST has 1 sense:

1. an investment trust that can buy only those securities listed when the trust was organized

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

 Dictionary entry details 

• NONDISCRETIONARY TRUST (noun)

Sense 1

Meaning:

An investment trust that can buy only those securities listed when the trust was organized

Classified under:

Nouns denoting possession and transfer of possession

Synonyms:

fixed investment trust; nondiscretionary trust

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

fund; investment company; investment firm; investment trust (a financial institution that sells shares to individuals and invests in securities issued by other companies)