trustor


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Trustor

One who gives money and/or other assets to a trust. A trustor usually sets up a trust in order to provide for the financial future of a minor child or mentally incompetent person. A trustor may also set up a trust to benefit a charitable organization. It is important to note that the trustor does not hold or invest the assets once they are given to the trust, as that is the duty of the trustee. See also: Escrow, Charitable trust.

trustor

The person or organization that creates a trust.
References in periodicals archive ?
The Trustor had an informal arrangement with a third party to manage the aircraft on its behalf.
In their bilateral model of trust repair, Kim, Dirks and Cooper (2009) contend that trust repair is the result of a negotiated process between trustors and trustees to resolve discrepant beliefs about trustee's trustworthiness.
Time decay of trust evaluation: With the passage of time, the trust evaluation of trustor to trustee will decay [20].
Weighted ordinary least-squares (OLS) regression analysis was used to estimate the linear relationship between overall trust in the health system and each trustor factor separately before estimating a multivariable model using all independent variables.
Lin and Wang (2006) refer that "trusting intentions imply that the trustor feels secure and is willing to depend, or intends to depend on the trustee" (p.
Here the trustor node propagates trust value of trustee to 1-hop neighbour nodes, and then to 2-hop neighbours.
* a trustor shows vulnerability, when a trustor "hands over the control of the situation" to a trustee to do X and not Y (Cook et al, 2009, p.1).
(13) The Uniform Trust Code allows the trustor to require the trustee to follow direction in any case, without limitation.
Generally trust is defined as the willingness of a party to be vulnerable to the actions of another party based on the expectation that the other will perform a particular action important to the trustor, irrespective of the ability to monitor or control that other party (Chai & Kim, 2010; Mayer, Davis & Schoorman, 1995).Trust is a governance mechanism in exchange relationships characterized by uncertainty, vulnerability, and dependence (Bradach & Eccles, 1989; Jarvenpaa, Tractinsky & Vitale, 2000).
With regard to his involvement in the Providencia case, Neocleous said that, with the exception of some correspondence he had exchanged with the deceased trustor's heirs over a case that was "finished by 2008 or 2009", he had no involvement in any of Providencia's court cases.
That inhibits the trustor from using such a provision to shelter his or her own assets from future creditors.
Trust can also mean (2) a behavior (or behavioral intention) that reflects a reliance on a partner and involves vulnerability and uncertainty on the part of the other party (in this case trustor) (Moorman et al., 1992).