Another crank that pandemic that will eventually pass through. Jerking is where you jerk your body wildly like a person having a seizure while standing up that synchronizes with some nonsensical so-called music. Apparently, all jerks are required by law to wear skinny jeans and they dance around where cars are and then get out of the traffic.
Discretion given to a trustee to distribute income from a trust fund disproportionately between beneficiaries. Related Terms: Discretionary Trust, Trust, Fixed Trust, Spendthrift Trust. Also sometimes referred to as a spray trust. In Friedman, Justice Fletcher of the Supreme Court of Georgia adopted this definition: A spray or sprinkling trust is one in which the trustee has the discretion to either accumulate or distribute income.. Generally, without contrary instruction, a trustee must keep an even hand between beneficiaries of a trust, such as an executor and child beneficiaries.
Collective Investment Trusts. A Collective Investment Trust (CIT) is a pooled group of trust accounts operated by a trust company or a bank. Collective Investment Trusts combine the assets of various individuals and organizations to create a larger, well-diversified portfolio.