nondiscretionary trust

Thesaurus

Noun

nondiscretionary trust - an investment trust that can buy only those securities listed when the trust was organizedfixed investment trustinvestment company, investment firm, investment trust, fund - a financial institution that sells shares to individuals and invests in securities issued by other companies

nondiscretionary trust

n. a trust in which the trustee is directed to invest only in specifically named securities and to diversify the investments among certain types of securities. The trustee has no discretion or personal decision-making power in the matter. (See: trust)

Nondiscretionary trust

A personal trust whose trustee has no discretion in deciding how income will be distributed to the beneficiary.

Nondiscretionary Trust

A trust in which the trustee has no ability to make investment decisions with regard to the assets in the trust and/or has no control over when and how the assets are distributed to the beneficiary. In a nondiscretionary trust, the trustee simply sees to it that the grantor's wishes are carried out.

nondiscretionary trust

noun

Synonyms for nondiscretionary trust

noun an investment trust that can buy only those securities listed when the trust was organized

Synonyms

fixed investment trust

Related Words

investment company
investment firm
investment trust
fund

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