What is the definition of Nondiscretionary trust? | Dictionary.net

NONDISCRETIONARY TRUST

\nˌɒndɪskɹˈɛʃənəɹi tɹˈʌst], \nˌɒndɪskɹˈɛʃənəɹi tɹˈʌst], \n_ˌɒ_n_d_ɪ_s_k_ɹ_ˈɛ_ʃ_ə_n_ə_ɹ_i t_ɹ_ˈʌ_s_t]\

Definitions of NONDISCRETIONARY TRUST

2006 - WordNet 3.0
2011 - English Dictionary Database
1910 - Black's Law Dictionary (2nd edition)

Sort: Oldest first

an investment trust that can buy only those securities listed when the trust was organized

2006 - WordNet 3.0
By Princeton University

an investment trust that can buy only those securities listed when the trust was organized

2011 - English Dictionary Database
By DataStellar Co., Ltd

the term given to a fixed investment trust that can only buy securities listed when the trust was organised.

1910 - Black's Law Dictionary (2nd edition)
By Henry Campbell Black

Word of the day

Inseparately

Inseparably.

View More

Nearby Words