
Meaning of SPENDTHRIFT TRUST
| Pronunciation: | | 'spend`thrift trust
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WordNet Dictionary |
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| | Definition: | |
[n] a trust created to maintain a beneficiary but to be secure against the beneficiary's improvidence |
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| | See Also: | | trust | |
Legal Dictionary |
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| | Definition: | | A trust set up for the benefit of someone who the grantor believes would be incapable of managing his or her own financial affairs. |
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