from WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.
- n. a trust that gives the trustee discretion to pay the beneficiary as much of the trust income as the trustee believes appropriate
Sorry, no etymologies found.
They embraced the wise resolution of choosing six deputies or representatives, of whom Villehardouin was one, with a discretionary trust to direct the motions, and to pledge the faith, of the whole confederacy.