Keyword Analysis & Research: trust

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What is the true meaning of trust?

trust noun (LEGAL ARRANGEMENT) ​. › [ C ] a legal arrangement in which a person or organization controls property and/or money for another person or organization: Under the terms of the trust he receives interest on the money, but he cannot get at the money itself.

What does trust mean definition?

trust(noun) something (as property) held by one party (the trustee) for the benefit of another (the beneficiary) "he is the beneficiary of a generous trust set up by his father". reliance, trust(noun) certainty based on past experience.

What are the parts of a trust?

There are four important parts (or as it may be, people) in a revocable trust, including you (the grantor), a person who will distribute and manage the trust as required by the trust instrument (the trustee), the people who will receive benefits from the trust (the beneficiaries), and of course, the trust assets that you transfer into the trust.

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