单词 | interest-in-possession trust |
释义 | interest-in-possession trust A type of fixed-interest trust in which there is an entitlement to the income generated by the trust assets. The beneficiaries of an interest-in-possession trust, the life tenants, are entitled to the income arising for a fixed period or until their death. The capital in the trust then passes absolutely to the recipient known as the remainderman. |
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