fixed trustglossary / fixed trust A trust in which the trustee may not exercise any discretion over the trust’s management or distributions. — Also termed directory trust; nondiscretionary trust. 词条贡献者 资深译员Lisa,毕业于一所培养高级翻译以及跨文化事务专家的精英大学,专注翻译各种与私募股权与投资基金有关的法律文件。