fideicomiso
fideicomiso (fee-day-koh-mee-soh).Mexican law. A trust; esp., a trust that is established for the purpose of acquiring property in Mexico with a Mexican bank as trustee and a non-Mexican (who may be the settlor) as beneficiary. • The property is held in the name of the trust, but the beneficiary has all the rights and obligations of direct ownership, including the power to lease, sell, or devise the property. A Mexican fideicomiso usu. lasts 50 years and can be renewed for 50 more. Cf. FIDEICOMMISSUM.
