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
Dictionary.com Unabridged
Based on the Random House Unabridged Dictionary, © Random House, Inc. 2021
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