Similar words: discretionary, discretionary income, discretionary spending, discretional, discretion, at discretion, indiscretion, discretization. Meaning: n. a trust that gives the trustee discretion to pay the beneficiary as much of the trust income as the trustee believes appropriate.
1. He transfers assets to a discretionary trust.
2. Mr X gives property to an overseas discretionary trust.
3. The trust was a discretionary trust.
4. There may, for instance, be a foreign discretionary trust which wishes to acquire a lease in the United Kingdom.
5. Wealth Protector, which combines a discretionary trust with a choice of investment plans.
6. A specific type of express trust is a discretionary trust.
More similar words: discretionary, discretionary income, discretionary spending, discretional, discretion, at discretion, indiscretion, discretization, with discretion, at the discretion of, discrete function, urinary tract infection, discrete, discrete data, discreteness, binary tree, discrete variable, urinary tract, money trust, incretion, excretion, secretion, accretion, cautionary, stationary, dictionary, questionary, concretion, reactionary, functionary.