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Dictionary

spend'thrift trust"

Law.
a trust that provides a fund for a beneficiary, as a minor, with the title vested so that the fund or its income cannot be claimed by others, as creditors of the beneficiary. Also called sheltering trust.

Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease.

spendthrift

Spener

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