法律英语单词“spendthrift clause”的读音、释义及例句-英汉汉英法律词典-国际律师联盟

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词汇	spendthrift clause
释义	`1`spendthrift clause`2` "LAW.COM Dictionary": n. a provision in a trust or will that states that if a prospective beneficiary has pledged to turn over a gift he/she hopes to receive to a third party, the trustee or executor shall not honor such a pledge. The purpose is to prevent a "spendthrift" beneficiary from using a potential gift as security for credit on a speculative investment. Example: Junior Jones is talked into an investment in Florida swampland but has no money in hand to pay for it. So he tells the developer he will soon receive $50,000 from his aunt's trust and signs an assignment of the expected $50,000 to the developer. When the aunt dies, the trustee must ignore the developer's demand for payment based on the written assignment but may pay the funds directly to Junior. See also: trust will
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