HyperDic: discretionary_trust

English > 1 sense of the expression *discretionary trust*:
NOUN	possession	discretionary trust	a trust that gives the trustee discretion to pay the beneficiary as much of the trust income as the trustee believes appropriate

English > *discretionary trust*: 1 sense > noun 1, possession
Meaning	A trust that gives the trustee discretion to pay the beneficiary as much of the trust income as the trustee believes appropriate.
Broader	trust	Something (as property) held by one party (the trustee) for the benefit of another (the beneficiary)