SPENDTHRIFT TRUST


Meaning of SPENDTHRIFT TRUST in English

Law.

a trust that provides a fund for a beneficiary, as a minor, with the title vested so that the fund or its income cannot be claimed by others, as creditors of the beneficiary. Also called sheltering trust .

Random House Webster's Unabridged English dictionary.      Полный английский словарь Вебстер - Random House .