Definitions for "Secular trust"
a trust arrangement in which deferred compensation plan assets are placed in trust to provide employees with a great level of security, but without tax deferral of contributions to the plan; in some cases, double taxation can occur where employees are taxed on current contributions and the employer is denied a current tax deduction
an irrevocable trust created to fund non-qualified deferred compensation liabilities
a part of a nonqualified deferred compensation plan