spendthrift trust
- noun
- /ˈspɛndˌθrɪft trʌst/
- Formal
:
fideicomiso de derrochador
- After careful consideration, he decided that a spendthrift trust was the best way to protect his daughter’s future.
Examples
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The wealthy couple established a spendthrift trust to ensure their irresponsible son would not misuse his inheritance.
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So they lock it up in a spendthrift trust and then after the divorce.
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To safeguard her assets from creditors, she created a spendthrift trust that provided her with monthly payments.
Synonyms
275
6.8
An arrangement where one person holds property for another person's benefit
49
3.7
Money or property kept and managed by someone for another person's use
Surface Forms
Morphology
The meaning is directly compositional: combining 'spendthrift' (a person who spends recklessly) with 'trust' (a legal arrangement) yields a trust intended for a spendthrift to protect/manage their assets. This follows regular noun–noun compounding and the core protective function is inferable by a B1 learner who knows both constituent words, even if some legal nuances (creditors, management powers) require specialist knowledge.
Etymology
Spendthrift trust comes from joining spendthrift (a person who spends money too quickly) and trust (a legal place that holds money for someone). The idea is simple: people put money into a trust so a spendthrift cannot take or waste it. That's why it means 'a trust that protects money from someone who cannot manage it'.