a legal arrangement by which a person or Group controls assets or cash for the advantage of An additional particular person or Corporation:
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trust without having believing the trustee is trustworthy.[19] Holton gives the nice example of trusting a colleague to generally be honest
Each individual trust falls into 6 wide classes—dwelling or testamentary, funded or unfunded, revocable trustbet or irrevocable.
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A trust can be a fiduciary relationship during which a trustor offers A further get together, known as the trustee, the best to carry title to house or belongings for the advantage of a third party.
The money that her father still left her is remaining held/stored in trust (= currently being managed) for her until she's thirty.
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