What is the meaning of nondiscretionary trust?

noun

  • An investment trust that can buy only those securities listed when the trust was organized.
WordNet 3.0 © 2006 by Princeton University
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APAWordNet. (2010). nondiscretionary trust. Retrieved September 23, 2026, from http://smartdefine.org/nondiscretionary_trust/definitions/1242965
ChicagoWordNet. 2010. "nondiscretionary trust" http://smartdefine.org/nondiscretionary_trust/definitions/1242965 (accessed September 23, 2026).
HarvardWordNet 2010, nondiscretionary trust, Smart Define, viewed 23 September, 2026, <http://smartdefine.org/nondiscretionary_trust/definitions/1242965>.
MLAWordNet. "nondiscretionary trust" 23 October 2010. Web. 23 September 2026. <http://smartdefine.org/nondiscretionary_trust/definitions/1242965>
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