Definitions
There is 1 meaning of the phrase
Nondiscretionary Trust.
Nondiscretionary Trust - as a noun
An investment trust that can buy only those securities listed when the trust was organized
Synonyms (Exact Relations)
fixed investment trustExample Sentences
"The assets in the nondiscretionary trust are to be distributed equally among the beneficiaries."
"The settlor established a nondiscretionary trust for the benefit of their grandchildren."
"The trustee has a fiduciary duty to manage the assets of the nondiscretionary trust prudently."
"The terms of the nondiscretionary trust specify that the income should be distributed annually."
"The beneficiaries have no control over the management of the nondiscretionary trust."
