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[ C ] a legal arrangement through which somebody or Firm controls property and/or income for one more man or woman or organization:

The one particular creating a trust is known as the trustor or grantor. The one who oversees and manages the trust is called the trustee. In a revocable trust, the trustor could Management the trust in addition, but within an irrevocable trust, the trustee should be somebody else.

Having said that, youngsters who are beneath the lawful age of eighteen need to possess trustees. The trustees only have Handle above the property until the kids get to adulthood.

Some philosophers would express that trust is really a propositional attitude, an summary relation among an summary self and an abstract indicating from the sentence. But the nature of those selves, relations, and meanings is totally mysterious.

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a lawful arrangement during which someone or Business controls home or money for 1trustbet the benefit of An additional man or woman or organization:

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Blind trust: This trust permits the trustees to handle the belongings from the trust with no beneficiaries' information. This could be practical if a beneficiary ought to prevent conflicts of desire.

idiom I would not trust a person in terms of I could toss them idiom mistrustfully non-self-assurance not trust another person an/1 inch idiom set/location your religion in something/another person idiom reliance convert to someone/one thing untrusting untrustworthiness untrustworthy See additional benefits »