trust : Idioms & Phrases


active trust

  • noun a trust in which the trustee must perform certain duties
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al-rashid trust

  • noun a terrorist group organized in 1996 after the Taliban took over Afghanistan and part of Osama bin Laden's international system; provides financial support for the Taliban and al-Qaeda and Jaish-i-Mohammed and assists Muslim militants around the world; established a network of madrasas and mosques in Afghanistan
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blind trust

  • noun a trust that enables a person to avoid possible conflict of interest by transferring assets to a fiduciary; the person establishing the trust gives up the right to information about the assets
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brain trust

  • noun an inner circle of unofficial advisors to the head of a government
    kitchen cabinet.
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Breach of trust

  • noun violation (either through fraud or negligence) by a trustee of a duty that equity requires of him
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  • violation of one's duty or faith in a matter entrusted to one.
Webster 1913

breach of trust with fraudulent intent

  • noun larceny after trust rather than after unlawful taking
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Cestuy que trust

  • norm. F., a person who has the equitable and beneficial interest in property, the legal interest in which is vested in a trustee. Wharton.
Webster 1913

charitable trust

  • noun a trust created for charitable or religious or educational or scientific purposes
    charitable trust.
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clifford trust

  • noun a trust established to shift the income to someone who is taxed at a lower rate than the grantor for a period of 10 years or more
    Clifford trust.
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Constructive trust

  • noun a trust created by a court (regardless of the intent of the parties) to benefit a party that has been wrongfully deprived of its rights
    constructive trust.
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  • a trust which may be assumed to exist, though no actual mention of it be made.
Webster 1913

corporate trust

  • noun a consortium of independent organizations formed to limit competition by controlling the production and distribution of a product or service
    trust; combine; cartel.
    • they set up the trust in the hope of gaining a monopoly
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Declaration of trust

  • (Law), a paper subscribed by a grantee of property, acknowledging that he holds it in trust for the purposes and upon the terms set forth.
Webster 1913

deed of trust

  • noun a written instrument legally conveying property to a trustee often used to secure an obligation such as a mortgage or promissory note
    deed of trust.
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direct trust

  • noun a trust created by the free and deliberate act of the parties involved (usually on the basis of written documentation)
    direct trust.
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discretionary trust

  • noun a trust that gives the trustee discretion to pay the beneficiary as much of the trust income as the trustee believes appropriate
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express trust

  • noun a trust created by the free and deliberate act of the parties involved (usually on the basis of written documentation)
    direct trust.
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fixed investment trust

  • noun an investment trust that can buy only those securities listed when the trust was organized
    fixed investment trust.
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grantor trust

  • noun a trust established to shift the income to someone who is taxed at a lower rate than the grantor for a period of 10 years or more
    Clifford trust.
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implied trust

  • noun a trust inferred by operation of law
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inter vivos trust

  • noun a trust created and operating during the grantor's lifetime
    inter vivos trust.
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investment trust

  • noun a financial institution that sells shares to individuals and invests in securities issued by other companies
    investment firm; investment company; fund.
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involuntary trust

  • noun a trust created by a court (regardless of the intent of the parties) to benefit a party that has been wrongfully deprived of its rights
    constructive trust.
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living trust

  • noun a trust created and operating during the grantor's lifetime
    inter vivos trust.
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national trust

  • noun an organization concerned to preserve historic monuments and buildings and places of historical interest or natural beauty; founded in 1895 and supported by endowment and private subscription
    NT.
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nondiscretionary trust

  • noun an investment trust that can buy only those securities listed when the trust was organized
    fixed investment trust.
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passive trust

  • noun a trust in which the trustee performs no active duties
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public trust

  • noun a trust created for charitable or religious or educational or scientific purposes
    charitable trust.
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real estate investment trust

  • noun an investment trust that owns and manages a pool of commercial properties and mortgages and other real estate assets; shares can be bought and sold in the stock market
    REIT.
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Resulting trust

  • noun a trust created by a court when it is judged that it was the intention of the parties to create a trust
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  • (Law), a trust raised by implication for the benefit of a party granting an estate. The phrase is also applied to a trust raised by implication for the benefit of a party who advances the purchase money of an estate, etc. Bouvier.
Webster 1913

savings account trust

  • noun a savings account deposited by someone who makes themselves the trustee for a beneficiary and who controls it during their lifetime; afterward the balance is payable to the previously named beneficiary
    Totten trust; savings account trust; trustee account; savings bank trust.
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savings bank trust

  • noun a savings account deposited by someone who makes themselves the trustee for a beneficiary and who controls it during their lifetime; afterward the balance is payable to the previously named beneficiary
    Totten trust; savings account trust; trustee account; savings bank trust.
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self-trust

Self"-trust` noun
Definitions
  1. Faith in one's self; self-reliance.
Webster 1913

spendthrift trust

  • noun a trust created to maintain a beneficiary but to be secure against the beneficiary's improvidence
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testamentary trust

  • noun a trust that is created under a will and that becomes active after the grantor dies
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To put trust in

  • to confide in; to repose confidence in.
Webster 1913

To run in trust

  • to run in debt; to get credit. Obs.
Webster 1913

To trust in, To trust on

  • to place confidence in,; to rely on; to depend. "Trust in the Lord, and do good." Ps. xxxvii. 3. "A priest . . . on whom we trust." Chaucer.
    Her widening streets on new foundations trust. Dryden.
Webster 1913

To trust to ∨ unto

  • to depend on; to have confidence in; to rely on.
    They trusted unto the liers in wait. Judges xx. 36.
Webster 1913

totten trust

  • noun a savings account deposited by someone who makes themselves the trustee for a beneficiary and who controls it during their lifetime; afterward the balance is payable to the previously named beneficiary
    Totten trust; savings account trust; trustee account; savings bank trust.
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trust account

  • noun a savings account deposited by someone who makes themselves the trustee for a beneficiary and who controls it during their lifetime; afterward the balance is payable to the previously named beneficiary
    Totten trust; savings account trust; trustee account; savings bank trust.
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trust busting

  • noun (law) government activities seeking to dissolve corporate trusts and monopolies (especially under the United States antitrust laws)
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trust company

  • noun an organization (usually with a commercial bank) that is engaged as a trustee or fiduciary or agent in handling trust funds or estates of custodial arrangements or stock transfers or related services
    trust company.
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trust corporation

  • noun an organization (usually with a commercial bank) that is engaged as a trustee or fiduciary or agent in handling trust funds or estates of custodial arrangements or stock transfers or related services
    trust company.
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Trust deed

  • noun a written instrument legally conveying property to a trustee often used to secure an obligation such as a mortgage or promissory note
    deed of trust.
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  • (Law), a deed conveying property to a trustee, for some specific use.
Webster 1913

trust fund

  • noun a fund held in trust
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trust territory

  • noun a dependent country; administered by another country under the supervision of the United Nations
    trusteeship.
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unit investment trust

  • noun a regulated investment company consisting of professional managers who issue redeemable securities representing a portfolio of many different securities
    unit investment trust.
    • you can invest in a unit investment trust for as little as $1000
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unit trust

  • noun a regulated investment company consisting of professional managers who issue redeemable securities representing a portfolio of many different securities
    unit investment trust.
    • you can invest in a unit investment trust for as little as $1000
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voting trust

  • noun an agreement whereby persons owning stock with voting powers retain ownership while transferring the voting rights to the trustees
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