cestui que trust
21passive trust — Trust Trust, n. [OE. trust, trost, Icel. traust confidence, security; akin to Dan. & Sw. tr[ o]st comfort, consolation, G. trost, Goth. trausti a convention, covenant, and E. true. See {True}, and cf. {Tryst}.] 1. Assured resting of the mind on… …
22Cestui — Cestuy Ces tuy or ||Cestui Ces tui, pron. [Norm. F.] (Law) He; the one. [1913 Webster] {Cestuy que trust}[norm. F.], a person who has the equitable and beneficial interest in property, the legal interest in which is vested in a trustee. Wharton.… …
23cestuis que trustent — cestui que trust, beneficiary of a trust, one who will benefit from the trust …
24nominal trust — A dry trust; a passive trust. A trust in which the trustee has no duties to perform, the cestui que trust having the entire management of the estate. A trust of such nature that if the trustee does what he is directed to do, the result will be… …
25common-law trust — A business trust which has certain characteristics in common with corporations and in which trustees hold the property and manage the business and the shareholders are the trust beneficiaries or cestui que trust; sometimes known as a… …
26common law trust — A business trust which has certain characteristics in common with corporations and in which trustees hold the property and manage the business and the shareholders are the trust beneficiaries or cestui que trust; sometimes known as a… …
27common-law trust — A business trust which has certain characteristics in common with corporations and in which trustees hold the property and manage the business and the shareholders are the trust beneficiaries or cestui que trust; sometimes known as a… …
28common law trust — A business trust which has certain characteristics in common with corporations and in which trustees hold the property and manage the business and the shareholders are the trust beneficiaries or cestui que trust; sometimes known as a… …
29active 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… …
30corporate trust — noun a consortium of independent organizations formed to limit competition by controlling the production and distribution of a product or service they set up the trust in the hope of gaining a monopoly • Syn: ↑trust, ↑combine, ↑cartel •… …
