trust

noun

  • Decedents Estates Law/ Estate and Trusts Law

Definitions of trust

  • an arrangement where a trustee holds and manages property or other assets on behalf of a beneficiary. The trustee is the nominal owner of the property or assets and the beneficiary is the beneficial owner.

    The money was held in trust until she reached 30 years of age.

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Phrase Bank for trust

Additional Notes for trust

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