- private trust
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a trust designed for the benefit of a designated or known individual (opposed to charitable trust).
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Universalium. 2010.
private trust
Look at other dictionaries:
private trust — ➔ trust * * * private trust UK US noun [C] ► FINANCE, LAW a legal arrangement in which you give a person or organization the right to manage your money for the person or group of people that you have chosen to receive the money: create/set up a… … Financial and business terms
private trust — a trust designed for the benefit of a designated or known individual (opposed to charitable trust) … Useful english dictionary
private trust — Any trust which has been created for a purpose other than a public or charitable purpose. 15 Am J2d Char § 6 … Ballentine's law dictionary
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
private — pri·vate adj 1 a: intended for or restricted to the use of a particular person or group or class of persons: not available to the public a private park b: not related to, controlled by, or deriving from the state a private school 2 a: owned by or … Law dictionary
express private trust — See trust … Black's law dictionary
express private trust — See trust … Black's law dictionary
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 — A fiduciary relationship calling for a trustee to hold the title to assets for the benefit of the beneficiary. The person creating the trust, who may or may not also be the beneficiary, is called the grantor. Bloomberg Financial Dictionary See… … Financial and business terms
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
