释义 |
Rule against Accumulations
Rule against AccumulationsA 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 AccumulationsIn 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. |