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.


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Fixed Trust. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. September 16, 2021 https://payrollheaven.com/define/fixed-trust/.
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Fixed Trust. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/fixed-trust/ (accessed: September 16, 2021).
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Fixed Trust. PayrollHeaven.com. Retrieved September 16, 2021, 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 | 1 Views.