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spendthrift trust

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spendthrift trust

 
Use spendthrift trust in a Sentence
–noun Law.
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. 2009.
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Spendthrift trust
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Trusts
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Legal Dictionary

Main Entry: spendthrift trust
see TRUST
Merriam-Webster's Dictionary of Law, © 1996 Merriam-Webster, Inc.
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