INVESTMENT-DIRECTION AGREEMENT

By SovConn | June 20, 2013

investment-direction agreement.A contract by which a trustee agrees not to diversify the trust’s assets, even though the trustee has the legal right to do so, and the beneficiary agrees to hold the trustee harmless for any losses resulting from not diversifying. — Abbr. IDA.

[Blacks Law 8th]

Posted in Law Dictionary Definitions