trust fund
11trust fund — 1. money, securities, property, etc., held in trust. 2. a government fund administered separately from other funds and used for a specified purpose: a highway trust fund. [1860 65] * * * Property (e.g, money or securities) held in a trust; that… …
12trust fund — UK / US noun [countable] Word forms trust fund : singular trust fund plural trust funds an amount of money invested and managed for someone, often a child, by another person or organization …
13trust fund — A fund held in trust by a trust company or other trustee. See following trust fund or property; special deposit …
14trust fund — n. to set up a trust fund for smb. * * * [ trʌstfʌnd] to set up a trust fund for smb …
15trust fund theory — or doctrine Generic term used in many contexts to describe the imposition of fiduciary obligations on persons who control money or property of another under certain circumstances. A creature of equity which operates to treat officers, directors,… …
16trust fund theory or doctrine — Generic term used in many contexts to describe the imposition of fiduciary obligations on persons who control money or property of another under certain circumstances. A creature of equity which operates to treat officers, directors, or majority… …
17trust fund doctrine — n: a doctrine holding that shareholders to whom assets of an insolvent corporation have been transferred are liable to creditors upon dissolution of the corporation; broadly: a doctrine holding that corporate assets are held as a trust fund for… …
18trust fund recovery penalty — (TFRP) A penalty from the IRS for not paying trust fund taxes, which are taxes a company withholds from an employees paycheck, including Social Security and Medicare taxes and federal income (withholding) taxes. This penalty can be assessed… …
19trust fund taxes — Taxes a company withholds from an employees paycheck, including Social Security and Medicare taxes and federal income (withholding) taxes. A trust fund recovery penalty can be assessed when a business doesn t pay these taxes to the Internal… …
20trust fund doctrine — The principle, commonly known as the American doctrine, that the property of a corporation must be appropriated to the payment of debts before any assets are distributed among stockholders. Wood v Dummer (CC Me) 3 Mason 308, F Cas No 17944;… …
