Fixed Trust

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Definition: Fixed Trust

Fixed Trust
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Full Definition of Fixed Trust

A type of trust in which the share received by each beneficiary is known in advance; that is, the trustee does not have any discretion to vary the proportion paid to each beneficiary. It is not necessary that the actual value of the share be known in advance (consider the case where the trust is of floated company shares), only the proportion.

See also discretionary trust.

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https://payrollheaven.com/define/fixed-trust/
Modern Language Association (MLA):
Fixed Trust. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
May 18, 2024 https://payrollheaven.com/define/fixed-trust/.
Chicago Manual of Style (CMS):
Fixed Trust. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/fixed-trust/ (accessed: May 18, 2024).
American Psychological Association (APA):
Fixed Trust. PayrollHeaven.com. Retrieved May 18, 2024
, from PayrollHeaven.com website: https://payrollheaven.com/define/fixed-trust/

Definition Sources

Definitions for Fixed 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: 6th April, 2020 | 0 Views.