Search Result for "discretionary trust":
Wordnet 3.0

NOUN (1)

1. a trust that gives the trustee discretion to pay the beneficiary as much of the trust income as the trustee believes appropriate; 



WordNet (r) 3.0 (2006):

discretionary trust
    n 1: a trust that gives the trustee discretion to pay the
         beneficiary as much of the trust income as the trustee
         believes appropriate


Bouvier's Law Dictionary, Revised 6th Ed (1856):

DISCRETIONARY TRUSTS. Those which cannot be duly administered without the
application of a certain degree of prudence and judgment; as when a fund is
given to trustees to be distributed in certain charities to be selected by
the trustees.