HyperDic: testamentary_trust

English > 1 sense of the expression testamentary trust:
NOUNpossessiontestamentary trusta trust that is created under a will and that becomes active after the grantor dies
English > testamentary trust: 1 sense > noun 1, possession
MeaningA trust that is created under a will and that becomes active after the grantor dies.
BroadertrustSomething (as property) held by one party (the trustee) for the benefit of another (the beneficiary)
Spanishfideicomiso

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