A trust in which the number of shares of each beneficiary are not fixed by the settlor in the trust deed, but at the discretion of the trustees.
全权信托（每个受益人股票数目不是由信托人在信托书中确定的，而是由受托人决定）
Example sentencesExamples
The powers that are conferred on the trustee, or manager, do not convert the unit trusts into discretionary trusts in the normal acceptation of that term.
Thereafter, there are discretionary trusts in favour of a class of beneficiaries which include the husband and wife.
He was a beneficiary under a family discretionary trust.
In a discretionary trust, a beneficiary has no right to any part of the trust property and the trustees have a discretion to apply the property for the benefit of a specified person or persons or classes of persons.
Trustees for a discretionary trust have what the name implies - the discretion to decide which children should receive capital income, and when.