spendthrift trust

English - Turkish

Definition of spendthrift trust in English Turkish dictionary

mirasyedi güven

English - English

Definition of spendthrift trust in English English dictionary

A trust that is created for the benefit of a person (often because that beneficiary is unable to control spending) that gives an independent trustee full authority to make decisions as to how the trust funds may be spent for the benefit of the beneficiary, thus keeping the funds in the trust beyond the reach of creditors

a trust created to maintain a beneficiary but to be secure against the beneficiary's improvidence

Related Terms

spendthrift trusts

plural form of spendthrift trust

Hyphenation

spend·thrift trust

Turkish pronunciation

spendthrîft trʌst

Pronunciation

/ˈspendˌᴛʜrəft ˈtrəst/ /ˈspɛndˌθrɪft ˈtrʌst/