wasting trust

A trust in which the trust property is gradually depleted by periodic payments to the beneficiary. [Cases: Trusts 61(5). C.J.S. Trover and Conversion § 127.]

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词条贡献者

双语律师Virginia，国内知名法学院民商法专业，擅长翻译各类与公司与并购相关的法律文件。