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

译员Max，毕业于欧洲一流的法学院，专注翻译各种与通用数据保护条例 (GDPR)有关的法律文件。