| 词汇 | fixed-trust |
| 释义 | fixed trust noun[ C ] LAW, FINANCEukus a trust(= arrangement to manage money or property) in which money can only be put into particular types of investment: Trustees have no say on how the assets in a fixed trust are distributed. Examples of fixed trustfixed trust In the case of a fixedtrust, the beneficiary's interest is proprietary; they are the owners of an equitable interest in the property held under the trust. From Wikipedia This example is from Wikipedia and may be reused under a CC BY-SA license. It springs from the fixedtrust movement. From the Hansard archive Example from the Hansard archive. Contains Parliamentary information licensed under the Open Parliament Licence v3.0 When it was first developed it was as the fixedtrust, and the portfolio of investments was published; it was known, and it could not be altered. From the Hansard archive Example from the Hansard archive. Contains Parliamentary information licensed under the Open Parliament Licence v3.0 Normal express trusts are described as fixed trusts; the trustees are obliged to distribute property, with no discretion, to the fixed number of beneficiaries. From Wikipedia This example is from Wikipedia and may be reused under a CC BY-SA license. In fixed trusts, the potential beneficiaries have the equitable ownership of their property; in discretionary trusts, this is not the case. From Wikipedia This example is from Wikipedia and may be reused under a CC BY-SA license. These examples are from corpora and from sources on the web. Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors. |
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