What does nondiscretionary trust mean?
Definitions for nondiscretionary trust
nondis·cre·tionary trust
This dictionary definitions page includes all the possible meanings, example usage and translations of the word nondiscretionary trust.
Princeton's WordNet
nondiscretionary trust, fixed investment trustnoun
an investment trust that can buy only those securities listed when the trust was organized
ChatGPT
nondiscretionary trust
A nondiscretionary trust is a type of legal agreement in which the trustee has no discretion or choice about how the funds in the trust must be managed or distributed. This means the terms and conditions of the trust are specifically spelled out and must be strictly followed by the trustee. These specific conditions are usually established by the person or entity who places assets into the trust (the settlor or grantor).
Matched Categories
Numerology
Chaldean Numerology
The numerical value of nondiscretionary trust in Chaldean Numerology is: 3
Pythagorean Numerology
The numerical value of nondiscretionary trust in Pythagorean Numerology is: 4
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"nondiscretionary trust." Definitions.net. STANDS4 LLC, 2024. Web. 25 Apr. 2024. <https://www.definitions.net/definition/nondiscretionary+trust>.
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