nondiscretionary trust

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Noun1.nondiscretionary trust - an investment trust that can buy only those securities listed when the trust was organized
fixed investment trust
investment company, investment firm, investment trust, fund - a financial institution that sells shares to individuals and invests in securities issued by other companies
Based on WordNet 3.0, Farlex clipart collection. © 2003-2012 Princeton University, Farlex Inc.
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(1) The MassMutual Trust company, FSB is a federal savings bank charted by the Office of Thrift Supervision to provide discretionary and nondiscretionary trust and fiduciary services in all States.
Understanding special needs trusts and the value of corporate trust officers
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