Nolo’s Plain-English Law Dictionary. Gerald N. Hill, Kathleen Thompson Hill. 2009.
nondiscretionary trust — noun an investment trust that can buy only those securities listed when the trust was organized • Syn: ↑fixed investment trust • Hypernyms: ↑investment company, ↑investment trust, ↑investment firm, ↑fund … Useful english dictionary
nondiscretionary trust — A personal trust whose trustee has no discretion in deciding how income will be distributed to the beneficiary. Bloomberg Financial Dictionary … Financial and business terms
trust — n 1 a: a fiduciary relationship in which one party holds legal title to another s property for the benefit of a party who holds equitable title to the property b: an entity resulting from the establishment of such a relationship see also… … Law dictionary
investment trust — noun a financial institution that sells shares to individuals and invests in securities issued by other companies • Syn: ↑investment company, ↑investment firm, ↑fund • Derivationally related forms: ↑fund (for: ↑fund) … Useful english dictionary
fixed investment trust — noun an investment trust that can buy only those securities listed when the trust was organized • Syn: ↑nondiscretionary trust • Hypernyms: ↑investment company, ↑investment trust, ↑investment firm, ↑fund … Useful english dictionary
fixed trust — See: nondiscretionary trust Category: Wills, Trusts & Estates → Living Trusts & Avoiding Probate Nolo’s Plain English Law Dictionary. Gerald N. Hill, Kathleen Thompson Hill. 2009 … Law dictionary
investment company — noun a financial institution that sells shares to individuals and invests in securities issued by other companies • Syn: ↑investment trust, ↑investment firm, ↑fund • Derivationally related forms: ↑fund (for: ↑fund) … Useful english dictionary
investment firm — noun a financial institution that sells shares to individuals and invests in securities issued by other companies • Syn: ↑investment company, ↑investment trust, ↑fund • Derivationally related forms: ↑fund (for: ↑fund) … Useful english dictionary
duty — du·ty n pl du·ties [Anglo French deuté indebtedness, obligation, from deu owing, due, from Old French see due] 1: tasks, service, or functions that arise from one s position performing a police officer s duties; also: a period of being on duty… … Law dictionary
non-discretionary — UK US (also nondiscretionary) adjective ► FINANCE, LAW not having the right to decide for someone how their money should be invested, when it should be paid to them, etc.: a non discretionary trust/fund/account »My wife and I recently made a non… … Financial and business terms
