The meaning of TRUST is assured reliance on the character, ability, strength, or truth of someone or something. How to use trust in a sentence.
The meaning of TRUST is assured reliance on the character, ability, strength, or truth of someone or something. How to use trust in a sentence.
1. A relationship in which one party, known as thetrustor, gives to a person or organization, known as thetrustee, the right to hold andinvestassetsor property on behalf of a third party, known as thebeneficiary. Most trusts exist to provide for the financial future of a minor child or...
that there is an amount payable under clause 24.1 which is to be paid in priority to the amounts payable to the Beneficiary, the Beneficiary directs the Trustee to meet the amount payable under clause 24.1 as an application of the Beneficiary's entitlement to the DistributableIncome of the ...
Twitter Google Share on Facebook Accumulation Trust Legal Atrustinto which thegrantorplacesassetsunder the direction of atrustee. Unlike other trusts, the trustee is not allowed to give the assets themselves to thebeneficiary. Rather, the trusteeinveststhe assets and delivers thegainsto the beneficiary...
Define Income of the Trust Fund. means the net gain or loss of the Other Investments Accounts of the Trust Fund, as reflected by interest payments, dividends, realized and unrealized gains and losses on securities, other than Employer Securities, and on
Define trust corporation. trust corporation synonyms, trust corporation pronunciation, trust corporation translation, English dictionary definition of trust corporation. Noun 1. trust corporation - an organization that is engaged as a trustee or fiduciar
discretionary trust - a trust that gives the trustee discretion to pay the beneficiary as much of the trust income as the trustee believes appropriate inter vivos trust, living trust - a trust created and operating during the grantor's lifetime spendthrift trust - a trust created to maintain ...
One type of beneficiary is ultimately entitled to take ownership and control of trust capital and the income it generates as outlined in the trust agreement. For example, a parent can establish a trust for a child, giving the beneficiary control of its assets when the child reaches an age of...
A bare trust is a basic trust in which thebeneficiaryhas the absolute right to the capital andassetswithin the trust, as well as the income generated from these assets. In Canada and the U.K., bare trusts are used as a tax-efficient way of passing assets to one's children or heirs. ...