fixed trust
noun[C]
LAW,FINANCEukusatrust(=arrangementtomanagemoneyorproperty)in whichmoneycan only be put intoparticulartypesofinvestment:
Trustees have no say on how theassetsin afixedtrustaredistributed.
单词 | fixed trust |
释义 | fixed trust noun[C] LAW,FINANCEukusatrust(=arrangementtomanagemoneyorproperty)in whichmoneycan only be put intoparticulartypesofinvestment: Trustees have no say on how theassetsin afixedtrustaredistributed. Examplesoffixed trustfixed trust In the case of afixedtrust, the beneficiary's interest is proprietary; they are the owners of an equitable interest in the property held under the trust. From Wikipedia This example is from Wikipedia and may be reused under a CC BY-SA license. It springs from thefixedtrustmovement. From the Hansard archive Example from the Hansard archive. Contains Parliamentary information licensed under theOpen Parliament Licence v3.0 When it was first developed it was as thefixedtrust, and the portfolio of investments was published; it was known, and it could not be altered. From the Hansard archive Example from the Hansard archive. Contains Parliamentary information licensed under theOpen Parliament Licence v3.0 Normal express trusts are described as fixed trusts; the trustees are obliged to distribute property, with no discretion, to the fixed number of beneficiaries. From Wikipedia This example is from Wikipedia and may be reused under a CC BY-SA license. In fixed trusts, the potential beneficiaries have the equitable ownership of their property; in discretionary trusts, this is not the case. From Wikipedia This example is from Wikipedia and may be reused under a CC BY-SA license. These examples are from corpora and from sources on the web. Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors. |
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