Definition of discretionary trust in English:

discretionary trust

noun

单词	discretionary trust
释义	Definition of discretionary trust in English: discretionary trust noun A trust in which the number of shares of each beneficiary are not fixed by the settlor in the trust deed, but at the discretion of the trustees. Example sentencesExamples The powers that are conferred on the trustee, or manager, do not convert the unit trusts into discretionary trusts in the normal acceptation of that term. Thereafter, there are discretionary trusts in favour of a class of beneficiaries which include the husband and wife. He was a beneficiary under a family discretionary trust. In a discretionary trust, a beneficiary has no right to any part of the trust property and the trustees have a discretion to apply the property for the benefit of a specified person or persons or classes of persons. Trustees for a discretionary trust have what the name implies - the discretion to decide which children should receive capital income, and when.
随便看	clean someone out clean someone's clock clean someone's clock clean something out clean something out clean something up clean something up clean sth out clean sth up cleanth brooks clean up clean-up clean up clean up clean up act clean up one's act clean up one's act clean-ups clear clearable clearable clearance clearance order clearances clearance sale