| 词汇 | accumulation trust |
| 释义 | `1`accumulation trust `2` "Nolo Everybody's Legal Dictionary": A trust in which the income is retained and not paid out to beneficiaries until certain conditions are met. For example, if Uncle Pierre creates a trust for Nick's benefit but stipulates that Nick will not get a penny until he gets a Ph.D. in French; Nick is the beneficiary of an accumulation trust. See Topic: Wills & Estate Planning |
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