Examlex
Compare circuit- and packet-switched networks.
Minor
An individual under the age of legal adulthood, typically under 18, and thus is limited in their legal capacity to make certain types of decisions or enter into contracts.
Irrevocable
Something that cannot be changed, reversed, or taken back once it has been established or done.
Grantor
The individual or entity that establishes a trust, transfers property, or conveys rights to another person or entity.
Spendthrift Trust
A trust designed to provide financial support to a beneficiary while protecting the trust assets from the beneficiary's creditors or from being spent recklessly by the beneficiary.
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