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