SPENDTHRIFT TRUST


Meaning of SPENDTHRIFT TRUST in English

noun

: a trust created to provide a fund for the maintenance of another and to secure it (as by withholding from him the power to alienate his interest or put a charge upon it or to anticipate or assign the income) against his improvidence or incapacity

Webster's New International English Dictionary.      Новый международный словарь английского языка Webster.