In the context of mutual funds, refers to a mutual fund or unit trust whose management decides on the best way to use the assets without restriction to a specific type of security. In the context of trusts, refers to a personal trust in which a trustee has the power of decision as to how much income or principal each beneficiary receives.
Barry Goldsmith
| APA | Barry Goldsmith. (2010). discretionary trust. Retrieved September 29, 2026, from http://smartdefine.org/discretionary_trust/definitions/1152161 |
| Chicago | Barry Goldsmith. 2010. "discretionary trust" http://smartdefine.org/discretionary_trust/definitions/1152161 (accessed September 29, 2026). |
| Harvard | Barry Goldsmith 2010, discretionary trust, Smart Define, viewed 29 September, 2026, <http://smartdefine.org/discretionary_trust/definitions/1152161>. |
| MLA | Barry Goldsmith. "discretionary trust" 21 October 2010. Web. 29 September 2026. <http://smartdefine.org/discretionary_trust/definitions/1152161> |