discretionary trust
noun
a trust in which the beneficiaries' shares are not fixed in the trust deed but are left to the discretion of other persons, often the trustees
Words Nearby discretionary trust
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012
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