a trust in which the number of shares allocated to each beneficiary is determined not by the settlor (creator of the trust) in the trust, but at the discretion of the trustees
| 单词 | discretionary trust |
| 释义 | discretionary trustnouna trust in which the number of shares allocated to each beneficiary is determined not by the settlor (creator of the trust) in the trust, but at the discretion of the trustees |
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