Nondiscretionary Trust
Barron's Business Dictionary:
Top
Nondiscretionary Trust
Investment trust that may buy only the securities on a list set forth when the trust is organized. The percentage of total assets that may be invested in a specific security or type of securities is usually predetermined. Also called fixed investment trust.
| Nondisclosure Agreement (NDA), Noncurrent Asset, Noncontributory Qualified Pension or Profitsharing Plan | |
| Nondisturbance Clause, Nondurable Goods, Nonfeasance |
Related Videos:
Top
Nondiscretionary Trust
Barron's Law Dictionary:
Top
Nondiscretionary Trust
An investment trust that may buy only those securities on a list set forth when the trust is organized. The percentage of total assets that may be invested in a specific security or type of securities is usually predetermined. See unit investment trust.
