fixed income trust
Definition
Trust in which, unlike in a discretionary trust, the trustees have no power of discretion in distribution of the trust property to the beneficiaries, and must follow the testator's instructions.
fixed income trust is in the Banking, Commerce & Finance and Corporate, Commercial, & General Law subjects.
fixed income trust appears in the definition of the following term: fixed interest trust
This content can be found on the following page:
http://www.businessdictionary.com/definition/fixed-income-trust.html
email to a friend print this definition cite this definition








