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单词 sub trust
释义

sub trust

Definition
Trust that follows (is derived from) another trust so that the beneficiaries of the main trust become the trustees of the derived trust. For example, A and B manage a trust fund for C and D who, in due course, declare themselves to be the trustees of the same trust fund for the benefit of their own children. Also called derivative trust.
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更新时间:2025/4/17 10:04:06