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spendthrift trust
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noun Law.
a trust that provides a fund for a beneficiary, as a minor, with the title vested so that the fund or its income cannot be claimed by others, as creditors of the beneficiary.
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Also called sheltering trust.
Words nearby spendthrift trust
spendable, spender, spending money, spends, spendthrift, spendthrift trust, Spener, Spengler, Spenser, Spenserian, Spenserian sonnet
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Based on the Random House Unabridged Dictionary, © Random House, Inc. 2023