Beach Bum Trust Provision

Business, Legal & Accounting Glossary

Definition: Beach Bum Trust Provision



What is the dictionary definition of Beach Bum Trust Provision?

Dictionary Definition


n. a requirement in a trust that a beneficiary can only receive profit from the trust equal to the amount he/she earns. This provision is intended to encourage the beneficiary to work, and not just lie around the beach and live off the trust.


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Beach Bum Trust Provision. PayrollHeaven.com. Retrieved December 02, 2020, from PayrollHeaven.com website: https://payrollheaven.com/define/beach-bum-trust-provision/

Definition Sources


Definitions for Beach Bum Trust Provision 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: 26th April, 2020 | 1 Views.