Assets held in trust definition

The condition and resulting obligation of having confidence placed in one: violated a public trust. One in which confidence is placed. We have trust that the future will be better. A legal relationship in which assets held in trust definition party holds a title to property while another party has the entitlement to the beneficial use of that property.

The confidence reposed in a trustee when giving the trustee legal title to property to administer for another, together with the trustee’s obligation regarding that property and the beneficiary. An institution or organization directed by trustees: a charitable trust. A combination of firms or corporations for the purpose of reducing competition and controlling prices throughout a business or industry. Can I trust you with a secret?

I trust that you will be on time. We can only trust in our guide’s knowledge of the terrain. These nouns denote a feeling of certainty that a person or thing will not fail. Trust implies depth and assurance of feeling that is often based on inconclusive evidence: The mayor vowed to justify the trust the electorate had placed in him. Reliance connotes a confident and trustful commitment to another: “What reliance could they place on the protection of a prince so recently their enemy? I trust that the job will soon be finished. He doesn’t trust them out of his sight.

Trust a group of people appointed as trustees to an estate or trust, 1712. Suspicion developed like a muscle —F. A trust, fierce and passionate, burning in her like a prayer —F. Trust is like an egg and it’s not like an egg. If you want to break an egg you have to do it from the outside. The only way to break up a trust is from the inside —O.