What is RABBI TRUST?

a trust wherein the employee is not taxed because the plan's assets can be claimed by creditors. This name is used because the first of these type of trusts was set up for a rabbi.

More On This Topic




Link to This Definition

Did you find this definition of RABBI TRUST helpful? You can share it by copying the code below and adding it to your blog or web page.
Written and fact checked by The Law Dictionary