英语词汇“trusts”的英英意思、用法、释义、翻译、读音、例句、短语、词组-英语词典

Legal Definition

trust

noun

: a fiduciary relationship in which one party holds legal title to another's property for the benefit of a party who holds equitable title to the property

: an entity resulting from the establishment of such a relationship see also beneficiary, cestui que trust, corpus, declaration of trust at declaration sense 4, principal, settlor

Note: Trusts developed out of the old English use. The traditional requirements of a trust are a named beneficiary and trustee (who may be the settlor), an identified res, or property, to be transferred to the trustee and constitute the principal of the trust, and delivery of the res to the trustee with the intent to create a trust. Not all relationships labeled as trusts have all of these characteristics, however. Trusts are often created for their advantageous tax treatment.

— accumulation trust

: a trust in which principal and income are allowed to accumulate rather than being paid out

Note: Accumulation trusts are disfavored and often restricted in the law.

— active trust

: a trust in which legal title remains in the trustee who has a duty to act affirmatively (as in exercising control, discretion, and judgment) with regard to the property compare passive trust in this entry

— alimony trust

: a trust created often in accordance with a separation agreement in which property is transferred to the trust as a source of support for a divorced spouse with a remainder to someone else

— bank account trust

: totten trust in this entry

— business trust

: a trust that is created for the purpose of making profit and that is usually characterized by some kind of commercial activity, transferable certificates of interest, existence continuing after the death of beneficiaries, limited liability, legal title in the hands of trustees, and officers having duties of management

called also common-law trust, Massachusetts trust

Note: A trust that qualifies as a business trust is eligible for bankruptcy protection under chapter 13 of the Bankruptcy Code.

— bypass trust

: a trust in which a spouse leaves his or her estate upon death to a trust naming the surviving spouse as beneficiary usually with remainders to children or other descendants

called also bypass shelter trust, credit shelter trust, shelter trust

Note: The purpose of a bypass trust is to reduce the surviving spouse's taxable estate. Such trusts do not qualify for the marital deduction.

— charitable lead trust \\ -ˈlēd- \\

: a trust in which a charity is named as the beneficiary for a period of time after which named individuals succeed as beneficiaries

— charitable remainder annuity trust

: a charitable remainder trust in which the named beneficiaries receive a fixed payment of not less than five percent of the fair market value of the original principal over the course of a specified period after which the remaining principal passes to charity

— charitable remainder trust

: a trust in which individuals are named as beneficiaries to receive income for a period of time (as the lifetimes of the beneficiaries) after which the principal passes to charity

Note: Charitable remainder trusts qualify for tax exemptions under section 664 of the Internal Revenue Code.

— charitable remainder unitrust \\ -ˈyü-nə-ˌtrəst \\

: a charitable remainder trust in which the named beneficiaries receive payments of a fixed percentage and not less than five percent of the value of the trust assets as determined annually for a specified period after which the remainder passes to charity

— charitable trust

: a trust created for the purpose of performing charity or providing social benefits

Note: Unlike most trusts, a charitable trust does not require definite beneficiaries and may exist in perpetuity.

— Clifford trust \\ ˈkli-fərd- \\

: a grantor trust lasting at least ten years with income payable to a beneficiary and principal reverting to the settlor upon termination

Note: Prior to the Tax Reform Act of 1986, a Clifford trust could be used to divert income from the settlor, who was in a higher tax bracket, to a beneficiary, often a child, who was in a lower tax bracket. A settlor is currently treated as the owner of any portion of a trust in which he or she has a reversionary interest, and taxes are calculated at the settlor's rate.

— common-law trust

: business trust in this entry

— complex trust

: a trust under which any or all income does not have to be distributed and principal may be distributed compare simple trust in this entry

— constructive trust

: an implied trust imposed by a court to prevent the unjust enrichment of one who has wrongfully obtained (as through fraud or bad faith) title to the property or a property interest of another

called also trust de son tort, trust ex delicto, trust ex maleficio

compare resulting trust in this entry

: an equitable remedy to prevent unjust enrichment by imposing a constructive trust

— credit shelter trust

: bypass trust in this entry

— Crummey trust \\ ˈkrə-mē- \\

: a trust which allows a donor to place a gift in trust while qualifying for the gift tax annual exclusion by giving the beneficiary an immediate right to the gift for a limited time after which it can only be accessed under the terms of the trust

— discretionary trust

: a trust that gives the trustee authority to exercise his or her discretion in distributing principal or income to the beneficiary

— dry trust

: passive trust in this entry

— executed trust

: a trust in which nothing is left to be done by the trustee but preserve the property and execute the purpose of the trust

— executory trust

: a trust in which the settlor or trustee has duties to perform (as securing the property, ascertaining the objects of the trust, or making distributions)

— express trust

: a trust intentionally created by the settlor

specifically : a trust created by a positive act of the settlor and set down in writing that expresses the intention to create a trust, identifies the property to be placed in trust, and names beneficiaries

— generation-skipping trust

: a trust in which the principal goes to a skip person usually following payment of income for life to a non-skip person : a trust created by a generation-skipping transfer of property in trust

— grantor retained annuity trust

: an irrevocable trust in which the grantor retains the right to a fixed annuity for a set term of years after which the trust assets transfer to the beneficiary

— grantor retained income trust

: an irrevocable trust in which the grantor retains the right to all income for a specified term or for whichever comes first of a specified term or death after which the trust assets transfer to the beneficiary

— grantor retained unitrust

: an irrevocable trust in which the grantor retains the right to receive annually a percentage of the fixed net fair market value of the assets for a specified term after which the trust assets transfer to the beneficiary

— grantor trust

: a trust that is taxed at the settlor's tax rate because the settlor has the power to control the beneficial enjoyment of the trust, retains a reversionary interest in the trust, has administrative powers over the trust, has the power to revoke the trust, or benefits from the income of the trust

— honorary trust \\ ˈä-nə-ˌrer-ē- \\

: a trust that is created for a purpose which is not charitable and that names no specific beneficiary

Note: An honorary trust may be upheld where allowed by statute if its purpose (as for the care of an animal or grave) is sufficiently clear. An honorary trust is subject to the rule against perpetuities, however.

— Illinois land trust

: land trust in this entry

— implied trust

: a trust arising by operation of law when the circumstances of a transaction imply the creation of a trust that is not expressly created by the parties and especially when a trust is necessary to avoid an inequitable result or to prevent fraud

— individual policy pension trust

: an insurance trust created as a retirement plan in which individual life insurance policies are purchased for employees and held in trust by the employer to fund the plan

— insurance trust

: a trust in which the principal consists of an insurance policy or its proceeds

— inter vivos trust

: a trust that becomes effective during the lifetime of the settlor

called also living trust

compare testamentary trust in this entry

— investment trust

: a business trust that is a closed-end investment company

— involuntary trust

: implied trust in this entry

especially : constructive trust in this entry

— irrevocable trust

: a trust that cannot be revoked by the settlor after its creation except upon the consent of all the beneficiaries

— land trust

: a trust created to effectuate a real estate ownership arrangement in which the trustee holds legal and equitable title to the property subject to the provisions of a trust agreement setting out the rights of the beneficiaries whose interests in the trust are declared to be personal property

called also Illinois land trust, naked land trust

— living trust

: inter vivos trust in this entry

— marital deduction trust

: a marital trust created in order to qualify for the marital deduction

especially : power of appointment trust in this entry

— marital trust

: a testamentary trust naming a surviving spouse as the beneficiary see also marital deduction trust and power of appointment trust in this entry

— Massachusetts trust \\ ˌma-sə-ˈchü-səts-, -zəts- \\

: business trust in this entry

— naked land trust

: land trust in this entry

— naked trust

: passive trust in this entry

— nominee trust

: a trust created for the purpose of holding property for beneficiaries whose identities are kept secret

— oral trust

: a trust created by the settlor's spoken statements especially for the purpose of transferring real property as part of an agreement between the settlor and the trustee

— passive trust

: a trust or use under which the trustee has no duties to perform : a trust in which legal and equitable titles are merged in the beneficiaries

called also dry trust, naked trust

compare active trust in this entry

— pour-over trust

: a trust that receives the assets that make up its principal by operation of a testamentary disposition to it usually of the residue of an estate or from another trust upon the settlor's death

— power of appointment trust

: a marital trust that provides a surviving spouse with a life estate in property and a power of appointment allowing appointment of the property to the surviving spouse or to his or her estate

Note: A power of appointment trust made in accordance with Internal Revenue Code section 2056(b)(5) qualifies for the marital deduction.

— protective trust

: a trust that attempts to shield assets from the beneficiaries' creditors by providing that it is within the trustee's discretion to refuse to pay a beneficiary or that a beneficiary forfeits his or her interest in the trust upon a creditor's attempt to reach it

— purchase money resulting trust

: a resulting trust arising where not abolished by statute when property is purchased with title in the name of one person but using the money of another

— QTIP trust \\ ˈkyü-ˌtip- \\

: a trust to which qualified terminable interest property is transferred for purposes of taking the marital deduction

— qualified charitable remainder trust

: a trust that is either a charitable remainder annuity trust or a charitable remainder unitrust

— real estate investment trust

: a business trust similar to a closed-end investment company except that it invests in real estate either as an owner having equity in the property or as a lender holding mortgages on the property

— resulting trust

: an implied trust based upon the presumed intentions of the parties as inferred from all the circumstances that the party holding legal title to trust property holds it for the benefit of the other compare constructive trust in this entry

— revocable trust

: a trust over which the settlor has retained the power of revocation

— savings bank trust

: totten trust in this entry

— shelter trust

: bypass trust in this entry

— simple trust

: a trust under which all current income must be distributed and no principal may be distributed

— spendthrift trust

: a trust that is created for the benefit of a spendthrift who is paid income therefrom and that cannot be reached by creditors to satisfy the spendthrift's debts

— tentative trust

: totten trust in this entry

— testamentary trust

: a trust created in a will to be effective upon the settlor's death

— Totten trust \\ ˈtät-ᵊn- \\

: a trust created by a deposit in a bank by one person as trustee for another that is revocable until the death of the depositor

called also bank account trust, savings bank trust, tentative trust

— trust de son tort \\ -də-ˌsōn-ˈtȯrt, -ˌsȯⁿ-ˈtȯr \\ Anglo-French de son tort (desmesne) from his or her (own) wrongful act

: constructive trust in this entry

— trust ex delicto

: constructive trust in this entry

— trust ex maleficio

: constructive trust in this entry

— unitrust \\ ˈyü-nə-ˌtrəst How to pronounce trust (audio)

: a trust from which the beneficiary receives annually a fixed percentage of the net fair market value of the trust assets

— unit trust

: a trust operating as a vehicle for investment whose portfolio consists of long-term bonds that are held to maturity

— voting trust

: a trust created by the transfer of legal title to shares of stock to a trustee or trustees who exercise the corporate voting rights conferred by ownership of the shares as agreed in the trust instrument

Note: The shareholders transferring legal title to their shares retain the equitable title and continue to receive dividends and other distributions. They also receive certificates as evidence of their interest in the trust, which provides the holder with the rights of a shareholder except for voting rights.

: a combination of firms or corporations formed by an agreement establishing a trust whereby shareholders in the separate corporations exchange their shares for shares representing proportionate interest in the principal and income of the combination and surrender to the trustees the management and operation of the combined firms or corporations

: a combination or aggregation of business entities formed by any of various means

especially : one that reduces competition or is thought to present a threat of reducing competition compare antitrust

: a charge or duty imposed in faith or confidence or as a condition of some relationship

: something committed or entrusted to one to be used or cared for in the interest of another

no religious test shall ever be required as a qualification to any office or public trust under the United States

U.S. Constitution art. VI

: the condition, obligation, or right of one to whom something is confided : responsible charge or office

acted diligently in carrying out his trust as chairman of the board

: custody

a child committed to their trust

单词	trusts
释义	trust 1 of 2 noun ˈtrəst 1 a : assured reliance on the character, ability, strength, or truth of someone or something b : one in which confidence is placed 2 a : dependence on something future or contingent : hope b : reliance on future payment for property (such as merchandise) delivered : credit bought furniture on trust 3 a : a property interest held by one person for the benefit of another b : a combination of firms or corporations formed by a legal agreement especially : one that reduces or threatens to reduce competition 4 a : care, custody the child committed to her trust b(1) : a charge or duty imposed in faith or confidence or as a condition of some relationship (2) : something committed or entrusted to one to be used or cared for in the interest of another c : responsible charge or office 5 archaic : trustworthiness trust 2 of 2 verb trusted; trusting; trusts transitive verb 1 a : to rely on the truthfulness or accuracy of : believe trust a rumor b : to place confidence in : rely on a friend you can trust c : to hope or expect confidently trusts that the problem will be resolved soon 2 a : to commit or place in one's care or keeping : entrust b : to permit to stay or go or to do something without fear or misgiving 3 : to extend credit to intransitive verb 1 a : to place confidence : depend trust in God trust to luck b : to be confident : hope 2 : to sell or deliver on credit trustability ˌtrə-stə-ˈbi-lə-tē noun trustable ˈtrə-stə-bəl adjective truster noun trustingly ˈtrə-stiŋ-lē adverb trustingness noun Phrases in trust : in the care or possession of a trustee Synonyms Noun confidence credence faith stock Verb assign charge commission entrust intrust task See all Synonyms & Antonyms Example Sentences Noun A hope is more than resolve, and it is based on trust in a divine faithfulness that operates not only within history, but also beyond history. John Polkinghorne, Times Literary Supplement, 3 May 2002 Put not your trust in money, but put your money in trust. Oliver Wendell Holmes, The Autocrat of the Breakfast-Table, 1858 Our relationship is founded on mutual love and trust. His lies and deception shattered my trust in him. She has no trust in the security of online banking. He created a trust for his children. The property will be held in trust until her 18th birthday. laws limiting the formation of trusts Verb It is these questions which define the crisis confronting the CIA—an increasingly clear-eyed skepticism among legislators, commentators, the broad general public, and the rest of the world that American intelligence officials, when they are under pressure, can be trusted to call them as they see them. Thomas Powers, New York Review of Books, 29 Apr. 2004 Perhaps Hollywood can't be trusted to make Hollywood-style movies anymore. Richard Corliss, Time, 13 Dec. 2004 Whenever Eugenides presses on his themes this way, he bruises them; he stops trusting in his tale, apparently unaware that its very form incarnates its theme better than can any commentary. James Wood, New Republic, 7 Oct. 2002 The strong man, or the junta or the plutocracy could no more be trusted with a monopoly on power than the commissariat. Kevin Baker, Harper's, May 2001 Nagumo also trusted in the complicated battle plan for the Midway operation, which called for a diversionary raid on Alaska's Aleutian Island chain, to draw off American naval strength. David M. Kennedy, Atlantic, March 1999 Working together is going to be difficult if you don't trust each other. “Are you sure this will work?” “Trust me. I know what I'm doing.” If you have a problem, tell your parent, teacher, or someone else you trust. I should never have trusted him. Their company is a trusted name in quality appliances. Don't trust everything you read. You can't trust the rumors. You should trust your instincts and do what you think is right. See More Recent Examples on the Web Noun Under the terms of the plan, each abuse claimant-creditor would receive $3.500 to $2.7 million, depending on the severity of the case, and some amount would be put into a trust for continuing litigation, mostly from insurance companies. Peter Weber, The Week, 9 Sep. 2022 The trust, controlled by Georgia Angelos, would pass jointly to the two sons after her death. Hayes Gardner, Baltimore Sun, 9 Sep. 2022 Kapuschansky then stressed the important qualities an effective, cohesive team must possess, such as mutual respect, trust, hard work and maximum effort. Beth Mlady, cleveland, 9 Sep. 2022 Why trust Good Housekeeping? Amanda Constantine joined the Good Housekeeping Institute in 2022 as a Home & Apparel Reviews Analyst. Amanda Constantine, Good Housekeeping, 9 Sep. 2022 Prescott’s determination to build trust has surprised local officers and community members. Jori Epstein, USA TODAY, 7 Sep. 2022 Health professionals must be proactive and build up trust in advance. Mark R. Miller And Julia Haskins, STAT, 1 Sep. 2022 In the case of some street artists, that could mean working harder to build trust. Alixel Cabrera, The Salt Lake Tribune, 29 Aug. 2022 Broken trust is still felt in Uvalde as the school year approaches. Los Angeles Times, 29 Aug. 2022 Verb Even with new pipes and a different water source, the Bells don't trust what comes out of their tap and buy about 10 cases of bottled water a week for cooking, brushing teeth, making coffee and for them and their dogs to drink. Sara Sidner And Meridith Edwards, CNN, 8 Sep. 2022 In other words, these leaders trust their own gut reactions, internal impressions, and intuitions over the facts. Gleb Tsipursky, Fortune, 7 Sep. 2022 For a quick bite in West Glacier, trust the Wandering Gringo. Katie Jackson, Outside Online, 6 Sep. 2022 Do not trust it to the mail at this point,’ top Mass. elections official says. Matt Stout, BostonGlobe.com, 1 Sep. 2022 Just trust that those endings will lead to brand new beginnings, eventually. Meghan Rose, Glamour, 1 Sep. 2022 The triple-bean and ground beef stew is accented with a dash of cinnamon, 2 ounces of bittersweet chocolate (trust us!), and a drizzle of honey. Karla Walsh, Better Homes & Gardens, 29 Aug. 2022 Porter said that being a police officer is not an easy job and there is a high level of expectation and trust the community places on the department. Stephen Underwood, Hartford Courant, 17 Aug. 2022 The true meaning of the line is different given the entire text, but trust me, caution and a rational modicum of fear do seem to be appropriate today. Neil Senturia, San Diego Union-Tribune, 15 Aug. 2022 See More Word History Etymology Noun and Verb Middle English, probably of Scandinavian origin; akin to Old Norse traust trust; akin to Old English trēowe faithful — more at true entry 1 First Known Use Noun 13th century, in the meaning defined at sense 1a Verb 13th century, in the meaning defined at intransitive sense 1a Phrases Containing trust brain trust in trust inter vivos trust place/put one's trust in trust company trust fund trust in trust territory trust with trust to unit trust brains trust living trust position of trust blind trust betray someone's trust in the trust of self-trust take something on trust See More brain trust in trust inter vivos trust place/put one's trust in trust company trust fund trust in trust territory trust with trust to unit trust brains trust living trust position of trust blind trust betray someone's trust in the trust of self-trust take something on trust See More Kids Definition trust 1 of 2 verb ˈtrəst trusted; trusting 1 : to rely on or on the truth of : believe I wouldn't trust anything he says. 2 : to place confidence in someone or something She doesn't trust the car to get us home. 3 : to be confident : hope "I trust you will not damage your gown this time." Gail Carson Levine, Ella Enchanted trust 2 of 2 noun 1 : firm belief in the character, strength, or truth of someone or something He placed his trust in me. 2 : a person or thing in which confidence is placed 3 : confident hope I waited in trust of their return. 4 : a property interest held by one person or organization (as a bank) for the benefit of another 5 : a combination of firms or corporations formed by a legal agreement and often held to reduce competition 6 : an organization in which money is held or managed by someone for the benefit of another or others 7 : responsibility for safety and well-being I left my cat in the trust of neighbors. Legal Definition trust noun 1 a : a fiduciary relationship in which one party holds legal title to another's property for the benefit of a party who holds equitable title to the property b : an entity resulting from the establishment of such a relationship see also beneficiary, cestui que trust, corpus, declaration of trust at declaration sense 4, principal, settlor Note: Trusts developed out of the old English use. The traditional requirements of a trust are a named beneficiary and trustee (who may be the settlor), an identified res, or property, to be transferred to the trustee and constitute the principal of the trust, and delivery of the res to the trustee with the intent to create a trust. Not all relationships labeled as trusts have all of these characteristics, however. Trusts are often created for their advantageous tax treatment. — accumulation trust : a trust in which principal and income are allowed to accumulate rather than being paid out Note: Accumulation trusts are disfavored and often restricted in the law. — active trust : a trust in which legal title remains in the trustee who has a duty to act affirmatively (as in exercising control, discretion, and judgment) with regard to the property compare passive trust in this entry — alimony trust : a trust created often in accordance with a separation agreement in which property is transferred to the trust as a source of support for a divorced spouse with a remainder to someone else — bank account trust : totten trust in this entry — business trust : a trust that is created for the purpose of making profit and that is usually characterized by some kind of commercial activity, transferable certificates of interest, existence continuing after the death of beneficiaries, limited liability, legal title in the hands of trustees, and officers having duties of management called also common-law trust, Massachusetts trust Note: A trust that qualifies as a business trust is eligible for bankruptcy protection under chapter 13 of the Bankruptcy Code. — bypass trust : a trust in which a spouse leaves his or her estate upon death to a trust naming the surviving spouse as beneficiary usually with remainders to children or other descendants called also bypass shelter trust, credit shelter trust, shelter trust Note: The purpose of a bypass trust is to reduce the surviving spouse's taxable estate. Such trusts do not qualify for the marital deduction. — charitable lead trust \\ -ˈlēd- \\ : a trust in which a charity is named as the beneficiary for a period of time after which named individuals succeed as beneficiaries — charitable remainder annuity trust : a charitable remainder trust in which the named beneficiaries receive a fixed payment of not less than five percent of the fair market value of the original principal over the course of a specified period after which the remaining principal passes to charity — charitable remainder trust : a trust in which individuals are named as beneficiaries to receive income for a period of time (as the lifetimes of the beneficiaries) after which the principal passes to charity Note: Charitable remainder trusts qualify for tax exemptions under section 664 of the Internal Revenue Code. — charitable remainder unitrust \\ -ˈyü-nə-ˌtrəst \\ : a charitable remainder trust in which the named beneficiaries receive payments of a fixed percentage and not less than five percent of the value of the trust assets as determined annually for a specified period after which the remainder passes to charity — charitable trust : a trust created for the purpose of performing charity or providing social benefits Note: Unlike most trusts, a charitable trust does not require definite beneficiaries and may exist in perpetuity. — Clifford trust \\ ˈkli-fərd- \\ : a grantor trust lasting at least ten years with income payable to a beneficiary and principal reverting to the settlor upon termination Note: Prior to the Tax Reform Act of 1986, a Clifford trust could be used to divert income from the settlor, who was in a higher tax bracket, to a beneficiary, often a child, who was in a lower tax bracket. A settlor is currently treated as the owner of any portion of a trust in which he or she has a reversionary interest, and taxes are calculated at the settlor's rate. — common-law trust : business trust in this entry — complex trust : a trust under which any or all income does not have to be distributed and principal may be distributed compare simple trust in this entry — constructive trust : an implied trust imposed by a court to prevent the unjust enrichment of one who has wrongfully obtained (as through fraud or bad faith) title to the property or a property interest of another called also trust de son tort, trust ex delicto, trust ex maleficio compare resulting trust in this entry : an equitable remedy to prevent unjust enrichment by imposing a constructive trust — credit shelter trust : bypass trust in this entry — Crummey trust \\ ˈkrə-mē- \\ : a trust which allows a donor to place a gift in trust while qualifying for the gift tax annual exclusion by giving the beneficiary an immediate right to the gift for a limited time after which it can only be accessed under the terms of the trust — discretionary trust : a trust that gives the trustee authority to exercise his or her discretion in distributing principal or income to the beneficiary — dry trust : passive trust in this entry — executed trust : a trust in which nothing is left to be done by the trustee but preserve the property and execute the purpose of the trust — executory trust : a trust in which the settlor or trustee has duties to perform (as securing the property, ascertaining the objects of the trust, or making distributions) — express trust : a trust intentionally created by the settlor specifically : a trust created by a positive act of the settlor and set down in writing that expresses the intention to create a trust, identifies the property to be placed in trust, and names beneficiaries — generation-skipping trust : a trust in which the principal goes to a skip person usually following payment of income for life to a non-skip person : a trust created by a generation-skipping transfer of property in trust — grantor retained annuity trust : an irrevocable trust in which the grantor retains the right to a fixed annuity for a set term of years after which the trust assets transfer to the beneficiary — grantor retained income trust : an irrevocable trust in which the grantor retains the right to all income for a specified term or for whichever comes first of a specified term or death after which the trust assets transfer to the beneficiary — grantor retained unitrust : an irrevocable trust in which the grantor retains the right to receive annually a percentage of the fixed net fair market value of the assets for a specified term after which the trust assets transfer to the beneficiary — grantor trust : a trust that is taxed at the settlor's tax rate because the settlor has the power to control the beneficial enjoyment of the trust, retains a reversionary interest in the trust, has administrative powers over the trust, has the power to revoke the trust, or benefits from the income of the trust — honorary trust \\ ˈä-nə-ˌrer-ē- \\ : a trust that is created for a purpose which is not charitable and that names no specific beneficiary Note: An honorary trust may be upheld where allowed by statute if its purpose (as for the care of an animal or grave) is sufficiently clear. An honorary trust is subject to the rule against perpetuities, however. — Illinois land trust : land trust in this entry — implied trust : a trust arising by operation of law when the circumstances of a transaction imply the creation of a trust that is not expressly created by the parties and especially when a trust is necessary to avoid an inequitable result or to prevent fraud — individual policy pension trust : an insurance trust created as a retirement plan in which individual life insurance policies are purchased for employees and held in trust by the employer to fund the plan — insurance trust : a trust in which the principal consists of an insurance policy or its proceeds — inter vivos trust : a trust that becomes effective during the lifetime of the settlor called also living trust compare testamentary trust in this entry — investment trust : a business trust that is a closed-end investment company — involuntary trust : implied trust in this entry especially : constructive trust in this entry — irrevocable trust : a trust that cannot be revoked by the settlor after its creation except upon the consent of all the beneficiaries — land trust : a trust created to effectuate a real estate ownership arrangement in which the trustee holds legal and equitable title to the property subject to the provisions of a trust agreement setting out the rights of the beneficiaries whose interests in the trust are declared to be personal property called also Illinois land trust, naked land trust — living trust : inter vivos trust in this entry — marital deduction trust : a marital trust created in order to qualify for the marital deduction especially : power of appointment trust in this entry — marital trust : a testamentary trust naming a surviving spouse as the beneficiary see also marital deduction trust and power of appointment trust in this entry — Massachusetts trust \\ ˌma-sə-ˈchü-səts-, -zəts- \\ : business trust in this entry — naked land trust : land trust in this entry — naked trust : passive trust in this entry — nominee trust : a trust created for the purpose of holding property for beneficiaries whose identities are kept secret — oral trust : a trust created by the settlor's spoken statements especially for the purpose of transferring real property as part of an agreement between the settlor and the trustee — passive trust : a trust or use under which the trustee has no duties to perform : a trust in which legal and equitable titles are merged in the beneficiaries called also dry trust, naked trust compare active trust in this entry — pour-over trust : a trust that receives the assets that make up its principal by operation of a testamentary disposition to it usually of the residue of an estate or from another trust upon the settlor's death — power of appointment trust : a marital trust that provides a surviving spouse with a life estate in property and a power of appointment allowing appointment of the property to the surviving spouse or to his or her estate Note: A power of appointment trust made in accordance with Internal Revenue Code section 2056(b)(5) qualifies for the marital deduction. — protective trust : a trust that attempts to shield assets from the beneficiaries' creditors by providing that it is within the trustee's discretion to refuse to pay a beneficiary or that a beneficiary forfeits his or her interest in the trust upon a creditor's attempt to reach it — purchase money resulting trust : a resulting trust arising where not abolished by statute when property is purchased with title in the name of one person but using the money of another — QTIP trust \\ ˈkyü-ˌtip- \\ : a trust to which qualified terminable interest property is transferred for purposes of taking the marital deduction — qualified charitable remainder trust : a trust that is either a charitable remainder annuity trust or a charitable remainder unitrust — real estate investment trust : a business trust similar to a closed-end investment company except that it invests in real estate either as an owner having equity in the property or as a lender holding mortgages on the property — resulting trust : an implied trust based upon the presumed intentions of the parties as inferred from all the circumstances that the party holding legal title to trust property holds it for the benefit of the other compare constructive trust in this entry — revocable trust : a trust over which the settlor has retained the power of revocation — savings bank trust : totten trust in this entry — shelter trust : bypass trust in this entry — simple trust : a trust under which all current income must be distributed and no principal may be distributed — spendthrift trust : a trust that is created for the benefit of a spendthrift who is paid income therefrom and that cannot be reached by creditors to satisfy the spendthrift's debts — tentative trust : totten trust in this entry — testamentary trust : a trust created in a will to be effective upon the settlor's death — Totten trust \\ ˈtät-ᵊn- \\ : a trust created by a deposit in a bank by one person as trustee for another that is revocable until the death of the depositor called also bank account trust, savings bank trust, tentative trust — trust de son tort \\ -də-ˌsōn-ˈtȯrt, -ˌsȯⁿ-ˈtȯr \\ Anglo-French de son tort (desmesne) from his or her (own) wrongful act : constructive trust in this entry — trust ex delicto : constructive trust in this entry — trust ex maleficio : constructive trust in this entry — unitrust \\ ˈyü-nə-ˌtrəst \\ : a trust from which the beneficiary receives annually a fixed percentage of the net fair market value of the trust assets — unit trust : a trust operating as a vehicle for investment whose portfolio consists of long-term bonds that are held to maturity — voting trust : a trust created by the transfer of legal title to shares of stock to a trustee or trustees who exercise the corporate voting rights conferred by ownership of the shares as agreed in the trust instrument Note: The shareholders transferring legal title to their shares retain the equitable title and continue to receive dividends and other distributions. They also receive certificates as evidence of their interest in the trust, which provides the holder with the rights of a shareholder except for voting rights. 2 a : a combination of firms or corporations formed by an agreement establishing a trust whereby shareholders in the separate corporations exchange their shares for shares representing proportionate interest in the principal and income of the combination and surrender to the trustees the management and operation of the combined firms or corporations b : a combination or aggregation of business entities formed by any of various means especially : one that reduces competition or is thought to present a threat of reducing competition compare antitrust 3 a : a charge or duty imposed in faith or confidence or as a condition of some relationship b : something committed or entrusted to one to be used or cared for in the interest of another no religious test shall ever be required as a qualification to any office or public trust under the United States U.S. Constitution art. VI c : the condition, obligation, or right of one to whom something is confided : responsible charge or office acted diligently in carrying out his trust as chairman of the board d : custody a child committed to their trust trusts 1 of 2 verb present tense third-person singular of trust 1 as in entrusts to give a task, duty, or responsibility to trusted the eldest child with walking the dog every morning Synonyms & Similar Words Relevance entrusts tasks intrusts charges assigns commissions confides reposes recommends imposes delegates empowers commits confers consigns allocates authorizes allots invests relegates 2 as in hands to put (something) into the possession or safekeeping of another I wouldn't trust my wallet with a complete stranger if I were you Synonyms & Similar Words hands transfers leaves gives delegates entrusts confides grants reposes loans recommends delivers passes relinquishes commends commits vests intrusts consigns transmits wills bequeaths hands over lends distributes assigns submits divides gives over turns over confers dispenses supplies surrenders disperses furnishes hands in yields hands on releases hands down recommits advances deals (out) turns in retransfers retransmits redelivers Antonyms & Near Antonyms holds keeps retains owns possesses reserves accepts receives withholds takes holds back detains occupies takes in takes over See More 3 as in believes to regard as right or true don't trust everything you read in the newspaper Synonyms & Similar Words believes accepts understands takes buys credits accounts swallows presumes assumes accredits sets store on supposes sets store by infers deduces concludes Antonyms & Near Antonyms rejects distrusts disbelieves doubts suspects mistrusts discredits questions challenges disputes misdoubts See More trusts 2 of 2 noun plural of trust 1 as in cartels a number of businesses or enterprises united for commercial advantage government lawyers argued against allowing the telephone companies to merge, asserting that such a merger would result in a trust that would stifle competition Synonyms & Similar Words cartels syndicates partnerships conglomerates associations unions organizations combines combinations chains multinationals megacorporations gilds guilds pools 2 as in care responsibility for the safety and well-being of someone or something left her cat in the trust of her neighbors while she was on vacation Synonyms & Similar Words care custodies guardianships hands wards controls managements custodianships supervisions superintendences governorships 3 as in credits the right to take possession of goods before paying for them the neighborhood grocer will occasionally sell on trust to his regular customers when they don't have the cash on hand Synonyms & Similar Words credits charge accounts credit lines installment plans layaways
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trust

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