DISCRETIONARY TRUST

Pronunciation (US):

(GB):

IPA (US):

 Dictionary entry overview: What does discretionary trust mean? 

• DISCRETIONARY TRUST (noun)
  The noun DISCRETIONARY TRUST has 1 sense:

1. a trust that gives the trustee discretion to pay the beneficiary as much of the trust income as the trustee believes appropriate

  Familiarity information: DISCRETIONARY TRUST used as a noun is very rare.

 Dictionary entry details 

• DISCRETIONARY TRUST (noun)

Sense 1

Meaning:

A trust that gives the trustee discretion to pay the beneficiary as much of the trust income as the trustee believes appropriate

Classified under:

Nouns denoting possession and transfer of possession

Hypernyms ("discretionary trust" is a kind of...):

trust (something (as property) held by one party (the trustee) for the benefit of another (the beneficiary))