Meaning NONDISCRETIONARY TRUST: A personal trust whose trustee has no discretion in deciding how income will be distributed to the beneficiary
More terms such as Nondiscretionary trust in Dictionary N.
- Definition Negative Yield Curve:
- Examples When the yield on a short-term security is higher than the yield on a long-term security, partially because high interest rates are creating a greater demand for short-term borrowing nondiscretionary trust definition.
- Definition New High/New Low:
- Examples A stock valued at its highest or lowest price in the last year nondiscretionary trust explain.
- Definition No-Load Stock:
- Examples Shares that can be purchased from the issuing companies themselves, so that broker fees and commissions can be avoided nondiscretionary trust what is.
- Definition Nominal Income:
- Examples Income that has not been adjusted for inflation and decreasing purchasing power nondiscretionary trust meaning.
- Definition Nonvoting Stock:
- Examples A security that does not entitle the holder to vote on the corporation's resolutions or elections nondiscretionary trust abbreviation.