trust

Definitions (2)

1. A legal arrangement in which an individual (the trustor) gives fiduciary control of property to a person or institution (the trustee) for the benefit of beneficiaries.
2. A monopolistic corporation, prior to the enactment of antitrust laws.

Use trust in a sentence

A trust can be effective during someone's lifetime or created through a will when a person dies in order to manage specific funds and assets.

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cash distribution per unit (CDPU) named beneficiary