follow Dictionary.com

Know these essential literary terms?

spendthrift trust

noun, Law.
1.
a trust that provides a fund for a beneficiary, as a minor, with the title vested so that the fund or its income cannot be claimed by others, as creditors of the beneficiary.
Also called sheltering trust.
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
Cite This Source

Word of the Day

Difficulty index for spendthrift trust

Few English speakers likely know this word

Word Value for spend

8
10
Scrabble Words With Friends