spendthrift trusts

English - Turkish

Definition of spendthrift trusts in English Turkish dictionary

Related Terms

spendthrift trust

mirasyedi güven

English - English

Definition of spendthrift trusts in English English dictionary

plural form of spendthrift trust

Related Terms

spendthrift trust

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

spendthrift trust

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

Hyphenation

spend·thrift trusts

Turkish pronunciation

spendthrîft trʌsts

Pronunciation

/ˈspendˌᴛʜrəft ˈtrəsts/ /ˈspɛndˌθrɪft ˈtrʌsts/