Non-Expendable Trust
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A Non-Expendable Trust is a trust that with constraints (such as on principal or timing).
- See: Expendable Trust.
References
2016
- (City Council of Barnstable, 2016b) ⇒ Town of Barnstable. (2016). “Town of Barnstable Adopted Operating Budget - 2017."
- QUOTE: Non-expendable trust: A trust fund administered by the treasurer, from which principle, but not interest, can be expended for the purposes specified by the donor or agreed upon when the money was donated or transferred to the community. See Trust Fund; Expendable Trust.