PURPOSEFUL TRUST
\pˈɜːpəsfə͡l tɹˈʌst], \pˈɜːpəsfəl tɹˈʌst], \p_ˈɜː_p_ə_s_f_əl t_ɹ_ˈʌ_s_t]\
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This is a type of trust that is for a purpose and objective that is specified in the trust papers. This under certain laws in certain places. This is under the jurisdiction of places like Bermuda, Isle of Man and the British Virgin Islands.
By Henry Campbell Black
Word of the day
Snake's-head
- Guinea-hen flower; -- so called in England because its spotted petals resemble the scales of a snake's head.