income beneficiary

Definition of "income beneficiary"
  1. An individual who, under the stipulations of a trust, is awarded the earnings but not the primary value of the trust
How to use "income beneficiary" in a sentence
  1. The trust was set up so that the income beneficiary would receive the profits from the business, while the principal remained untouched.
  2. As the income beneficiary, all dividend payments from the trust's investments were directed to her.
  3. The income beneficiary was ensured a steady income stream, but had no claim on the trust's principal assets.

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