trust property
41trust, resulting — n. A trust that has not been explicitly created but that arises when it seems that a person transferring property to another must have wanted the person who receives title to the property to use it to benefit someone else. See also cestui que The …
42trust 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,… …
43trust 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… …
44trust — ► NOUN 1) firm belief in the reliability, truth, ability, or strength of someone or something. 2) acceptance of the truth of a statement without evidence or investigation. 3) the state of being responsible for someone or something. 4) Law an… …
45trust corpus — Latin for the body of the trust. This term refers to all the property transferred to a trust. For example, if a trust is established (funded) with $250,000, that money is the corpus. Also called the trust res. Category: Wills, Trusts & Estates →… …
46trust fund — ➔ fund1 * * * trust fund UK US noun [C] FINANCE ► an amount of money, property, etc. that is kept and managed for someone by another person or organization: »They set up a trust fund in her name to be handed over when she became 18. »The company… …
47trust account — UK US noun [C] FINANCE ► a bank account that is used by a person or organization to manage money for another person or group of people: »The money was deposited in a trust account for her until she reached the age of 18. ► an account that is used …
48property, common — n. Property shared by two or more owners, such as tenants in common or husband and wife; property owned by all citizens and held in trust by the government. The Essential Law Dictionary. Sphinx Publishing, An imprint of Sourcebooks, Inc. Amy… …
49trust fund — trust funds N COUNT A trust fund is an amount of money or property that someone owns, usually after inheriting it, but which is kept and invested for them …
50trust — 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… …
