mandatory trust

A trust in which the trustee must distribute all the income generated by the trust property to one or more designated beneficiaries.

— Also termed simple trust. Cf. discretionary trust.

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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。