a lawful arrangement wherein a person or Corporation controls house or dollars for the advantage of An additional human being or Firm:

Trusts will also be used to secure belongings for particular uses, for instance a beneficiary's training or that will help them start off a business.

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The trust's beneficiaries are individuals who take pleasure in the trust, as well as the trustee makes certain that the beneficiaries are paid.

Intelligent Vocabulary: connected text and phrases Trusts & funds annuity blind trust charitable trust covenant anything to a person/a little something fund funding Keeping organization kitty mutual fund non-discretionary pension fund pension system slush fund assist syndic the Consolidated Fund trust fund trustee trusteeship device trust See more final results »

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A trust is also a group of folks or organizations that controls home or income for its have benefit, or the home or revenue managed by the group:

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Add to term listing Insert to phrase list B1 [ I or T ] to believe that someone is sweet and genuine and will likely not damage you, or that anything is Protected and trustworthy:

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