Synonyms/Hypernyms (Ordered by Estimated Frequency) of noun discretionary_trust

1 sense of discretionary trust

Sense 1
discretionary trust -- (a trust that gives the trustee discretion to pay the beneficiary as much of the trust income as the trustee believes appropriate)
       => trust -- (something (as property) held by one party (the trustee) for the benefit of another (the beneficiary); "he is the beneficiary of a generous trust set up by his father")