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[ C ] a authorized arrangement through which an individual or Corporation controls residence and/or funds for another individual or Group:
The expression “trust fund” is commonly associated with trusts developed by wealthy mother and father for his or her small children, inspiring the phrase “trust fund newborn” in common culture. Although trust resources are an estate preparing Resource normally used to protect prosperity for long term generations, they’re not entirely for large inheritances or individuals with significant estates.
Organizing for incapacitation. For those who’re diagnosed using a debilitating ailment, you will get points in order before you decide to’re not able to do this. When that working day will come, the successor trustee requires more than managing the trust assets for you personally.
[countable, uncountable] (legislation) an arrangement by which a company or a gaggle of people has authorized Charge of funds or assets that has been supplied to somebody, generally until finally that individual reaches a particular age; an amount of money or assets that is managed in this way
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a lawful arrangement where a person or Firm controls assets or funds for the good thing about An additional human being or Business:
As a result, the semantic pointer in Pat’s brain for trusting Sam is usually a binding of five representations, Each and every of which binds other representations, all comprehended as designs of neural firings operated on by convolution. trust bet The sensation of trust occurs as an emergent house of All of this binding.
to think what somebody states Though you don't have any proof or proof to indicate that it is true
The money that her father left her is currently being held/held in trust (= getting controlled) for her until she's 30.
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