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nondiscretionary trust |
Also found in: Dictionary/thesaurus, Financial | 0.01 sec. |
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nondiscretionary trust n. a trust in which the trustee is directed to invest only in specifically named securities and to diversify the investments among certain types of securities. The trustee has no discretion or personal decision-making power in the matter. (See: trust) How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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nondiscretionary trust
