Held+in+trust
81Account In Trust — An account that is managed by one party for the benefit of another. It is sometimes called an account held in trust, and the trust relationship can be either explicit or implied. Accounts in trust are typically set up for minors, and transfer of… …
82massachusetts trust — noun Usage: usually capitalized M : an unincorporated business organization managed like and sometimes treated as a corporation (as for tax purposes) and first popular in Massachusetts in which the business capital is held in trust under a… …
83in trust — adverb held in pledge, held in trust, in escrow, under fiduciary control Burton s Legal Thesaurus. William C. Burton. 2006 …
84funding a trust — Transferring ownership of property to a trustee, so the property will be held in trust. With the most common kind of revocable living trust, this transfer takes place on paper only, because the person who sets up the trust and owns the property… …
85beneficiary of a gift, will or trust — beneficiary (of a gift, will or trust) England, Wales In the context of a gift, will or trust, a person who receives a gift of money or other assets from a benefactor. The gift can be in the form of an outright gift, or in held in trust for the… …
86Disability Insurance Trust Fund — An account within the Social Security Trust Fund used to pay benefits to individuals deemed to be disabled and incapable of productive work. The Disability Insurance Trust Fund receives deposits from FICA considered to be over and above the… …
87Old-Age And Survivors Insurance Trust Fund — An account within the Social Security Trust Fund used to pay benefits to retired workers, the beneficiaries and their children. The Old Age and Survivors Insurance Trust Fund receives deposits from FICA considered to be over and above the amount… …
88in trust — adverb : in the care or possession of a trustee the property of the State to be forever held in trust for the people American Guide Series: Michigan * * * in trust As a charge, for safekeeping, for management as a trustee • • • Main Entry: ↑trust …
89Equipment Trust Certificate — A debt instrument that allows a company to take possession of an asset and pay for it over time. The debt issue is secured by the equipment or physical assets, as the title for the equipment is held in trust for the holders of the issue. When the …
90community trust — noun : a fund acquired from bequests the income from which is to be used for the general betterment of the inhabitants of a community * * * community trust, 1. a private agency for holding and managing the distribution of charitable funds of and… …
