nondiscretionary trust


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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 ?
(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.