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English version

executory trust

From Longman Business Dictionaryexecutory trustˈexecutory ˌtrust [countable]LAWFINANCE a trust that does not give full details about how it is to be used, usually one formed by a person in their WILL (=a document saying how someone’s property is to be shared out when they die). A further document is needed before the person’s intentions can be carried out trust
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