Reference Entry

discretionary trust

in A Dictionary of Accounting

Fourth edition

Published in print January 2010 | ISBN: 9780199563050
Published online January 2010 | e-ISBN: 9780191726477
discretionary trust

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1. A *trust in which the shares of each beneficiary are not fixed by the settlor in the trust

Reference Entry.  174 words. 

Subjects: Accounting

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