active trust
1active trust — see trust Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 …
2active trust — UK US noun [C] LAW, FINANCE ► a trust (= arrangement of legal control over someone s money or property) where the trustee (= person who has this control) has other particular duties, such as investing money, or passing on profits, rents, etc.… …
3Active Trust — A trust where the trustee is held accountable for additional responsibilities. With an active trust, those additional responsibilities can be in respect to the control or management of the trust, collection of rent, profits, and sale proceeds; in …
4active trust — A trust which maintains the legal estate in the trustee, to enable him to perform the duties devolved on him by the donor, and gives the cestui que trust only a right in equity to enforce the per formance of the trust. 54 Am J1st Trusts § 13. A… …
5active trust — noun a trust in which the trustee must perform certain duties • Ant: ↑passive trust • Hypernyms: ↑trust * * * noun : a trust in which the trustee is charged with the performance of some substantial duties in respect to the control, management,… …
6trust — n 1 a: a fiduciary relationship in which one party holds legal title to another s property for the benefit of a party who holds equitable title to the property b: an entity resulting from the establishment of such a relationship see also… …
7active trustee — ➔ trustee * * * active trust UK US noun [C] LAW, FINANCE ► a trust (= arrangement of legal control over someone s money or property) where the trustee (= person who has this control) has other particular duties, such as investing money, or… …
8active — ac·tive adj 1: characterized or accomplished by action or effort active concealment compare passive 2: engaged or participating in action or activity paying child support but not otherwise an active parent …
9trust — A legal entity created by a grantor for the benefit of designated beneficiaries under the laws of the state and the valid trust instrument. The trustee holds a fiduciary responsibility to manage the trust s corpus assets and income for the… …
10trust — 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. Bloomberg Financial Dictionary See… …