Accumulation Trust

Business, Legal & Accounting Glossary

Definition: Accumulation Trust




Full Definition of Accumulation Trust


A trust in which the income is retained and not paid out to beneficiaries until certain conditions are met. For example, if Uncle Pierre creates a trust for Nick’s benefit but stipulates that Nick will not get a penny until he gets a PhD in French; Nick is the beneficiary of an accumulation trust.


Cite Term


To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
https://payrollheaven.com/define/accumulation-trust/
Modern Language Association (MLA):
Accumulation Trust. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. August 03, 2021 https://payrollheaven.com/define/accumulation-trust/.
Chicago Manual of Style (CMS):
Accumulation Trust. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/accumulation-trust/ (accessed: August 03, 2021).
American Psychological Association (APA):
Accumulation Trust. PayrollHeaven.com. Retrieved August 03, 2021, from PayrollHeaven.com website: https://payrollheaven.com/define/accumulation-trust/

Definition Sources


Definitions for Accumulation Trust are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 22nd April, 2020 | 1 Views.