non-discretionary trust

Definition of "non-discretionary trust"
  1. A trust where the trustee does not have personal decision-making power and is specifically directed to invest only in named securities and diversify these investments among certain types of securities
How to use "non-discretionary trust" in a sentence
  1. In a non-discretionary trust, the trustee was instructed to focus entirely on the specified securities for the investment.
  2. The terms of the non-discretionary trust narrowed down the investment options to certain securities.
  3. As per the clauses of the non-discretionary trust, the trustee had no flexibility in choice of securities for investment.

Provide Feedback
Browse Our Legal Dictionary
# A B C D E F G H I J K L M N O P Q R S T U V W X Y Z