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| Definition Of: |
Discretionary Trust
A trust (revocable or irrevocable) where a number of potential beneficiaries (referred to as a "class") are named but not given a defined interest in the trust. The Trustees are given 'discretion' to decide which members of the class of beneficiaries will benefit from the trust.
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Banking INDEX:
List of Terms: Terms beginning with "A", Page 1 |
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1 2 3 A: Page 1 of 3.
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