trust agreement

trust agreement
trust agreement n: an agreement establishing and setting forth the material terms of a trust

Merriam-Webster’s Dictionary of Law. . 1996.

trust agreement
The legal document that sets up a living trust. Testamentary trusts are set up in a will.

Short Dictionary of (mostly American) Legal Terms and Abbreviations.

Игры ⚽ Нужен реферат?

Look at other dictionaries:

  • trust agreement — agreement that details the rights and responsibilities of a trustee …   English contemporary dictionary

  • trust agreement — noun : an agreement establishing and setting forth the material terms of a trust …   Useful english dictionary

  • trust — n 1 a: a fiduciary relationship in which one party holds legal title to another s property for the benefit of a party who holds equitable title to the property b: an entity resulting from the establishment of such a relationship see also… …   Law dictionary

  • Voting Trust Agreement — A contractual agreement detailing the specifics of the voting trust, including the name of its trustee, the effective timeframe, and the nature of its formation. As with many different trusts, the purpose and goals must be stated in order to… …   Investment dictionary

  • trust instrument — n: a document (as a formal declaration of trust or trust agreement) embodying the creation and provision of a trust Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. trust instrument …   Law dictionary

  • trust receipt — n: a trust agreement between a lender and a borrower by which the lender gives up possession of goods without abandoning title and the borrower agrees to hold the goods in trust for the lender and if the goods are sold to turn the proceeds over… …   Law dictionary

  • Trust Deed — 1. A formal document which outlines the terms of a trust agreement. 2. A common way to structure real estate purchases, where the title to a property is held in trust until the loan for the property is paid. 1. A trust deed is often used when… …   Investment dictionary

  • trust certificate — noun : a certificate issued and sold as one of a series by the trustee of designated trust property (as an investment trust, railroad equipment, or business trust) legally held evidencing a specified fractional equitable or beneficial interest in …   Useful english dictionary

  • trust receipt — noun : a trust agreement between a bank and its debtor by which the bank gives up possession of collateral security to the debtor without abandoning its title to the security and the debtor agrees to hold the security in trust for the bank and if …   Useful english dictionary

  • trust mortgage — noun 1. : a mortgage made to a trustee generally to secure an issue of bonds or a series of obligations wherein the rights of the parties are declared in a trust agreement set forth or referred to in the mortgage 2. : a mortgage given by a debtor …   Useful english dictionary

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”