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单词 rule against accumulations
释义

Rule against Accumulations


Rule against Accumulations

A principle that prohibits adding income or interest earned by a trust back into the principal of the fund beyond the time allowed by the Rule against Perpetuities.

Cross-references

Rule Against Perpetuities.

Rule Against Accumulations


Rule Against Accumulations

In trusts, the legal concept forbidding interest or coupons from being added back into a trust's principal after a given number of years. The rule effectively sets a limit on the number of years a trust can exist, or at least prevents trusts from accumulating income and not distributing it. See also: Rule against perpetuities.
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更新时间:2024/12/23 0:05:11