Phrase guide
Definitions and examples are grouped by meaning. Pronunciation, history, word forms, translations, descendants, synonyms, antonyms, derived terms, and related words appear whenever the source provides them.
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noun
A trust that protects the assets of a disabled person (typically an inheritance) and gives the trustee absolute discretion in how to use those assets to assist the beneficiary.
Definition source: English Wiktionary via Wiktextract
Usage: Canada
Topics: business, finance, law
No example sentence was provided for this meaning.
Synonyms: none provided
Antonyms: none provided
History
After Leonard Henson of Guelph, Ontario, who set up an absolute discretionary trust that became the subject of a legal case.
