The party that creates a trust is known as the grantor. In the trust agreement, the grantor names a person, known as the trustee, to take possession of the trustâs assets and manage them. The trustee may be a person or a small business or corporation. The party that is designated to receive the income or other assets from the trust is known as the beneficiary.
Wiktionary(0.00 / 0 votes)Rate this definition: 1  determinable(Noun) An attribute of something that is suceptible of determination into various states. 2  determinable(Adjective) Able to be determined or limited. 3  determinable(Adjective) Able to be decided or settled by law.
Deterrence (legal) Deterrence is the use of punishment as a threat to deter people from offending. Deterrence is often contrasted with retributivism, which holds that punishment is a necessary consequence of a crime and should be calculated based on the gravity of the wrong done.