Discretionary Beneficiary

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Definition: Discretionary Beneficiary

Discretionary Beneficiary
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Full Definition of Discretionary Beneficiary

A person or a company named in a trust to whom distributions are made. The property is entrusted to a trustee who has the right to pay to the beneficiary any income generated from the property. The beneficiary cannot compel the trustee to make any payments to him; rather, it is the trustee who has the discretion to determine whether distributions to the beneficiary will be made.

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Page URL
https://payrollheaven.com/define/discretionary-beneficiary/
Modern Language Association (MLA):
Discretionary Beneficiary. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
April 19, 2024 https://payrollheaven.com/define/discretionary-beneficiary/.
Chicago Manual of Style (CMS):
Discretionary Beneficiary. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/discretionary-beneficiary/ (accessed: April 19, 2024).
American Psychological Association (APA):
Discretionary Beneficiary. PayrollHeaven.com. Retrieved April 19, 2024
, from PayrollHeaven.com website: https://payrollheaven.com/define/discretionary-beneficiary/

Definition Sources

Definitions for Discretionary Beneficiary 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: 20th November, 2021 | 0 Views.