spendthrift trust
nounDefinitions
A trust that is created for the benefit of a person (often because that beneficiary is…
A trust that is created for the benefit of a person (often because that beneficiary is unable to control spending) that gives an independent trustee full authority to make decisions as to how the trust funds may be spent for the benefit of the beneficiary, thus keeping the funds in the trust beyond the reach of creditors.
The neighborhood
Vish — recursive loop
No curated loop yet for spendthrift trust. Loops are being traced one word at a time while the ingestion pipeline matures.
sense glosses and etymology drawn from English Wiktionary · source · CC-BY-SA