nondiscretionary trust

(redirected from Non-Discretionary Trusts)
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Noun1.nondiscretionary trust - an investment trust that can buy only those securities listed when the trust was organized
investment company, investment firm, investment trust, fund - a financial institution that sells shares to individuals and invests in securities issued by other companies
References in periodicals archive ?
IHT is not charged on lifetime gifts to either an individual or non-discretionary trusts if they are made at least seven years before the date of death.

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