Search results
Results from the WOW.Com Content Network
A spendthrift (also profligate or prodigal) is someone who is extravagant and recklessly wasteful with money, often to a point where the spending climbs well beyond their means. Spendthrift derives from an obsolete sense of the word thrift to mean prosperity rather than frugality, [ 1 ] so a "spendthrift" is one who has spent their prosperity.
Several states have changed their laws to provide that a person may create a self-settled spendthrift trust (i.e., a spendthrift trust for his or her own benefit). Such trusts are also called Domestic Asset Protection Trusts ("DAPT"), and sometimes informally called "Alaska trusts", as Alaska was a pioneer in allowing this kind of spendthrift ...
A woodcut from the 1814 edition of Samuel Croxall's The Fables of Aesop. The story appears only in Greek sources in ancient times and may have been invented to explain the proverb 'One swallow does not make a spring' (μία γὰρ χελιδὼν ἔαρ οὐ ποιεῖ), which is recorded in Aristotle's Nicomachean Ethics (I.1098a18). [1]
For premium support please call: 800-290-4726 more ways to reach us
Mediaeval art works of Christian origin take a clear moral stance on the sin of avarice in its various manifestations. The frieze on the west wall of Lincoln Cathedral depicts the torments of Hell visited on those guilty of this sin, [ 133 ] while Sassetta made "The Blessed Ranieri showing the friars the soul of the Miser of Citerna carried to ...
Courts may generally recognize spendthrift clauses against trust beneficiaries and their creditors, but not against creditors of a settlor. [ 28 ] Wills and estate planning: Trusts frequently appear in wills (indeed, technically, the administration of every deceased's estate is a form of trust).
A Spendthrift is someone who spends money prodigiously. Spendthrift or The Spendthrift may also refer to: Spendthrift (horse) (1876–1900), American Thoroughbred racehorse and sire; The Spendthrift by written Porter Emerson Browne; Spendthrift, 1936 American film; The Spendthrift, American silent film drama directed by Walter Edwin
The word "luxury" derives from the Latin verb luxor meaning to overextend or strain. From this, the noun luxuria and verb luxurio developed, "indicating immoderate growth, swelling, ... in persons and animals, willful or unruly behavior, disregard for moral restraints, and licensciousness", and the term has had negative connotations for most of its long history. [2]