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Trust

A fiduciary relationship calling for a trustee to hold the title to assets for the benefit of the beneficiary. The person creating the trust, who may or may not also be the beneficiary, is called the grantor.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

Trust

1. A relationship in which one party, known as the trustor, gives to a person or organization, known as the trustee, the right to hold and invest assets or property on behalf of a third party, known as the beneficiary. Most trusts exist to provide for the financial future of a minor child or mentally incompetent person. Trusts may also be set up to benefit charitable organizations. The trust agreement indicates at what time, if any, the beneficiary takes direct control of the assets. The beneficiary often receives disbursements to meet basic expenses until the time comes when the beneficiary takes control. Trusts are taxed on all money not given to the beneficiary. See also: Escrow, Charitable trust.

2. See: Monopoly.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

trust

A legal arrangement whereby control over property is transferred to a person or organization (the trustee) for the benefit of someone else (the beneficiary). Trusts are created for a variety of reasons, including tax savings and improved asset management. See also charitable lead trust, charitable remainder trust, Clifford trust, marital-deduction trust, QTIP trust.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.

Trust.

When you create a trust, you transfer money or other assets to the trust.

You give up ownership of those assets in order to accomplish a specific financial goal or goals, such as protecting assets from estate taxes, simplifying the transfer of property, or making provision for a minor or other dependents.

When you establish the trust, you are the grantor, and the people or institutions you name to receive the trust assets at some point in the future are known as beneficiaries. You also designate a trustee or trustees, whose job is to manage the assets in the trust and distribute them according to the instructions you provide in the trust document.

Dictionary of Financial Terms. Copyright © 2008 Lightbulb Press, Inc. All Rights Reserved.

trust

  1. a collection of ASSETS held and managed by appointed trustees on behalf of an individual or group of people. Trusts are often established to minimize the amount of INCOME TAX and WEALTH TAX an individual or group is required to pay. See TRUSTEE INVESTMENTS.
  2. see UNIT TRUST.
  3. an alternative term for a CARTEL (most commonly used in the USA).
Collins Dictionary of Business, 3rd ed. © 2002, 2005 C Pass, B Lowes, A Pendleton, L Chadwick, D O’Reilly and M Afferson

trust

  1. ASSETS held and managed by trustees on behalf of an individual or group. While these assets are held in trust, the beneficiaries have no control over the management of them. In the UK, trusts have been used extensively to minimize the effects of income and wealth taxes.
  2. (formerly, in the USA) a means of organizing CARTELS, provoking the establishment of anti-trust (anti-monopoly) legislation.
Collins Dictionary of Economics, 4th ed. © C. Pass, B. Lowes, L. Davies 2005

trust

The practice of one party holding legal title to real property or other assets for the benefit of someone else,called the beneficiary.The one with the legal title is called the trustee.The person or entity that set up the trust is called the trustor.Trusts are extremely important in tax and estate planning but should almost never be established without the assistance of a tax attorney who is well skilled in the area. A very slight deviation from the format acceptable to the IRS could prove disastrous.

The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.

Trust

A tax entity created by a trust agreement. This entity distributes all or part of its income to beneficiaries as instructed by the trust agreement. This entity is required to pay taxes on undistributed income
Copyright © 2008 H&R Block. All Rights Reserved. Reproduced with permission from H&R Block Glossary
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Ms Molebogeng Malomo, a beneficiary of Masiela Trust Fund's care and support, hailed the Prayer Men's League for having exhibited the true fatherly love by contributing towards the work of the organisation.
As early as 2018, IC already called the attention of Loyola Plans to cover up its provisional capital and trust fund deficiencies which were based on the 2016 Annual Statement of the company.
directing it to cover its provisional capital and trust fund deficiencies based on the 2016 Annual Statement of the company.
The President's allies in the House of Representatives and the Senate 'had in fact, been undermining the proposal of farmers for the establishment of a trust fund and a trust fund committee,' said Danny Carranza, secretary general of Kilusan Para sa Tunay na Repormang Agraryo at Katarungang Panlipunan.
class="MsoNormalDemocracy Trust Fund has also launched a coffee table book that details stories of outstanding women in leadership.
To track down a child trust fund parents can use theHMRC's dedicated page.Parents will need to provide both their own information as well as that of their child, and once it has been submitted they should receive the information on where the child's child trust fund is held within 15 days.
The statement reads, 'The attention of Christian Association of Nigeria (CAN) has been drawn to a publication emanating from the Christian Social Movement of Nigeria (CSMN) signed by Pastor Emmanuel Bosun the CAN Trust Fund Secretary requesting for financial donations from the general Public particularly Christians both home and abroad into an account unknown to CAN.
The Customs Department explained that the Trust Fund is a fund established for GST refunds under Section 54 of the GST Act 2014.
The Gates Foundation recently announced a US$200 million pledge to the replenishment of the GFF Trust Fund, a multidonor trust fund that is hosted by the World Bank Group and that supports the work of the broader GFF partnership.
Solid payroll tax revenue growth helped the Medicare hospitalization trust fund do better in 2016 the fund's trustees were predicting a year ago.
The last Labour Government introduced the Child Trust Fund account, where parents were given PS250 to save for their child, and another PS250 when they turned seven.
Department of Housing and Urban Development (HUD) announced yesterday that nearly $174 million will soon be made available through first-ever allocations of the National Housing Trust Fund. HUD Secretary Julian Castro made announcement to a gathering of the National Low-Income Housing Coalition meeting in Washington.

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