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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

Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2023
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