HyperDic: spendthrift_trust

English > 1 sense of the expression spendthrift trust:
NOUNpossessionspendthrift trusta trust created to maintain a beneficiary but to be secure against the beneficiary's improvidence
English > spendthrift trust: 1 sense > noun 1, possession
MeaningA trust created to maintain a beneficiary but to be secure against the beneficiary's improvidence.
BroadertrustSomething (as property) held by one party (the trustee) for the benefit of another (the beneficiary)

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