DISCRETIONARY TRUST
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)
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))
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