accumulation trust

A trust in which the trustee must accumulate income and gains from sales of trust assets for ultimate disposition with the principal when the trust terminates.

• Many states restrict the time over which accumulations may be made or the amount that may be accumulated. [Cases: Trusts 280. C.J.S. Trover and Conversion §§ 544–550.]

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词条贡献者

法律翻译Celia，毕业于新加坡知名法学院，专注翻译各类与酒店、博彩及休闲有关的法律文件。