Dictionary
Thesaurus
Encyclopedia
Translator
Web

invasion powers

 - 1 dictionary result
Financial Dictionary

invasion powers

A provision in a trust that permits the trustee to use the principal of the trust if its income is insufficient to fulfill the requirements of the beneficiary. However, trustees are usually prohibited from exercising this power without prior authorization.

Wall Street Words: An A to Z Guide to Investment Terms by David L. Scott.
Copyright © 2003. Published by Houghton Mifflin.
Cite This Source
Search another word or see invasion powers on Thesaurus | Reference
FacebookTwitterFollow us: