A type of trust in which the specified trustee does not have the right to choose how or when the beneficiary receives distributions. Trustess invest only in a few specified securities that were discussed when the trust was created.

Previous Terms: 1031 Exchange, 1035 Exchange, AARP, Abeyance, Abstraction Principle, Accelerated Amortization, Acceptance Credit, Acceptance of a Bill of Exchange, Accommodation Bill, Accommodation Endorser