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revisionary trust
re·vi·sion·ar·y trust (plural re·vi·sion·ar·y trusts)


noun 
Definition:
 
trust with changing status: a trust that initially cannot be revoked but that becomes revocable after a particular period of time or on the death of the settlor
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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