What does nondiscretionary trust mean in stock market?

June 10, 2022

nondiscretionary trust means: Personal trust in which the trustee is not able to decide how income should be divided among beneficiaries. (in Stock Market Dictionary)

What else does nondiscretionary trust mean?

Trust in which trustees have limited authority to manage assets and distribute funds to beneficiaries. Fixed trust also known. (in Legal Dictionary)

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