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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
References in periodicals archive ?
Moreover, as I elaborate later in the article, there is a competing conceptualization of trust in the literature which envisages trust as expectations held by the truster regarding the outcome of her interaction with the trustee.
As a user is not only a truster but also a trustee in trust relations, we conducted experiments on Epinions and Ciao, to demonstrate the comparison results of CF-TC-Me based on truster-truster similarities, CF-TC-Me based on trusteetrustee similarities and hybrid CF-TC-Me by utilizing least squares method to fuse the ratings predicted by the first two methods.
Therefore, a truster may be disappointed even though we have done all we could to care for the object of trust.
Tamir Segal, of Truster's makers Makh-Shevet, said: "We are seeking to make a slight change in the world.
Some people are "high trusters" who behave as if they generally expect others to behave trustworthily (for example, to tell the truth, refrain from stealing, keep their promises, and contribute to public goods).
Truster, marketed as a personal truth verifier, claims 85% accuracy and has been tested on subjects ranging from terrorists to President Bill Clinton.
"The willingness to take th[e] risk [to trust] turns on both the magnitude of the perceived risk and the degree of harm that the truster will suffer if it turns out that the trust was misplaced." (121)
An actor (the truster) trusts another actor (the trustee) about the achievement of a goal, the fulfillment of a plan or the delivering of a resource.
Of more immediate domestic interest could be a neat little device called The Truster (pounds 35, pcworld.co.uk).
The disc, called Truster, was first developed for security forces by the Israeli company, Makh-Shevet.
The gadget, called Truster, was developed by an Israeli firm for their country's security services.