discretionary trust

1. 1.

   a trust that gives the trustee discretion to pay the beneficiary as much of the trust income as the trustee believes appropriate

   Broadertrust

Questions about discretionary trust

What does discretionary trust mean?

discretionary trust means "a trust that gives the trustee discretion to pay the beneficiary as much of the trust income as the trustee believes appropriate".

Is discretionary trust a common word?

discretionary trust is banded "Rare" — specialist or archaic — most readers will not have met it. The band comes from how often the word appears in a large corpus of everyday English, not from an editor's impression.