Meaning of ASSET PROTECTION TRUST in English


A trust established offshore to protect settlor's assets against those who may attempt to make claims against them, creditors, former spouses and dependents on death. Some offshore jurisdictions provide protection from creditor claims against persons who have guaranteed bank loans.

UNODC Money-Laundering terms English dictionary.      Английский словарь терминов управления ООН по отмыванию денег, преступности и наркотикам.