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
Qualified Terminable Interest Property (QTIP) Trust — A type of trust that enables the grantor to provide for a surviving spouse and also to maintain control of how the trust s assets are distributed once the surviving spouse has also died. Income, and sometimes principal, generated from the trust… … Investment dictionary
property law — Introduction principles, policies, and rules by which disputes over property are to be resolved and by which property transactions may be structured. What distinguishes property law from other kinds of law is that property law deals with… … Universalium
trust — 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… … Black's law dictionary
Trust law — In common law legal systems, a trust is an arrangement whereby property (including real, tangible and intangible) is managed by one person (or persons, or organizations) for the benefit of another. A trust is created by a settlor, who entrusts… … Wikipedia
trust — trustable, adj. trustability, n. truster, n. /trust/, n. 1. reliance on the integrity, strength, ability, surety, etc., of a person or thing; confidence. 2. confident expectation of something; hope. 3. confidence in the certainty of future… … Universalium
trust — /trʌst/ noun 1. the fact of being confident that something is correct or will work ♦ we took his statement on trust we accepted his statement without examining it to see if it was correct 2. a legal arrangement to pass goods, money or valuables… … Dictionary of banking and finance
Property — is any physical or virtual entity that is owned by an individual. An owner of property has the right to consume, sell, mortgage, transfer and exchange his or her property.cite web|url=http://www.businessdictionary.com/definition/property.html|titl… … Wikipedia
trust — [trust] n. [ME < ON traust, trust, lit., firmness < IE * drou sto < base * deru , tree > TREE, TRUE + sto , standing < base * sta , to STAND] 1. a) firm belief or confidence in the honesty, integrity, reliability, justice, etc. of… … English World dictionary
spendthrift trust — see trust Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. spendthrift trust n … Law dictionary
