What is another word for nondiscretionary trust?
Pronunciation: [nˌɒndɪskɹˈɛʃənəɹi tɹˈʌst] (IPA) 
A nondiscretionary trust is a type of trust that is governed by strict rules and regulations that determine how assets are managed and distributed to beneficiaries. Synonyms for this term include "fixed trust," "determinate trust," or "non-discretionary trust." These trusts are created with specific instructions and guidelines that must be followed by the trustee, who is appointed to manage the trust. Unlike a discretionary trust, a nondiscretionary trust does not allow the trustee to exercise their discretion when it comes to making decisions regarding the trust's assets. Other terms that are often used to describe this type of trust include "mandatory trust" and "fixed-benefit trust".
