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Rule Against Accumulations |
Also found in: Legal | 0.01 sec. |
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Rule Against Accumulations In trusts, the legal concept forbidding interest or coupons from being added back into a trust's principal after a given number of years. The rule effectively sets a limit on the number of years a trust can exist, or at least prevents trusts from accumulating income and not distributing it. See also: Rule against perpetuities. Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content. |
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