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nondiscretionary trust
non·dis·cre·tion·ar·y trust (plural non·dis·cre·tion·ar·y trusts)


noun 
Definition:
 
trust with stipulated rules of distribution: a trust in which the trustee or trustees cannot determine the beneficiaries' shares
Encarta® World English Dictionary [North American Edition] © & (P)2009 Microsoft Corporation. All rights reserved. Developed for Microsoft by Bloomsbury Publishing Plc.
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