spendthrift trust
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.
Nearby words
spendable, spender, spending money, spends, spendthrift, spendthrift trust, spener, spener, philipp jakob, spenerism, spengler, spengler, oswald
Also called sheltering trust.
Dictionary.com Unabridged
Based on the Random House Unabridged Dictionary, © Random House, Inc. 2019