Fixed Trust

Business, Legal & Accounting Glossary

Definition: Fixed Trust

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.

Cite Term

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Page URL
Modern Language Association (MLA):
Fixed Trust. Payroll & Accounting Heaven Ltd. September 16, 2021
Chicago Manual of Style (CMS):
Fixed Trust. Payroll & Accounting Heaven Ltd. (accessed: September 16, 2021).
American Psychological Association (APA):
Fixed Trust. Retrieved September 16, 2021, from website:

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 | 1 Views.