Legal definition of trust
Trusts & Estate Planning Legal Terminology

trust

1
\ trʌst \ "Trust" means an express trust, private or charitable, with additions to it, wherever and however created. It also includes a trust created or determined by a judgment or decree under which the trust is to be administered in the manner of an express trust. “Trust” excludes other constructive trusts, and it excludes resulting trusts; conservatorships; custodial arrangements pursuant to the Florida Uniform Transfers to Minors Act; business trusts providing for certificates to be issued to beneficiaries; common trust funds; land trusts under s. 689.071, except to the extent provided in s. 689.071(7); trusts created by the form of the account or by the deposit agreement at a financial institution; voting trusts; security arrangements; liquidation trusts; trusts for the primary purpose of paying debts, dividends, interest, salaries, wages, profits, pensions, or employee benefits of any kind; and any arrangement under which a person is nominee or escrowee for another. (PART II, Sec. 731.110)
Source: FLorida Probate Code. website
2
a. Trust law, an arrangement in which property is managed by one person or entity for the benefit of another;

b. Trust (monopoly), a business entity formed to create a monopoly or fix prices;

c. Massachusetts business trust, a type of company also called an unincorporated business organization;

d. Investment trust, a collective investment fund;

e. Trust company, a financial institution offering certain services
Source: Wikipedia - The Free Encyclopedia. website. license
Find a legal term by clicking on the first letter of a legal word or phrase:
Book of the Day in our Store
Share it on TwitterFacebook
Are Prisons Obsolete?Are Prisons Obsolete?
by Angela Y. Davis
  • List Price: $11.95
  • Price: $11.05
  • You Save: $0.90 (8%)
from $7.90
View
A Civil ActionA Civil Action
by Jonathan Harr
  • List Price: $16.95
  • Price: $10.29
  • You Save: $6.66 (39%)
from $0.65
View
John R StallingsAttorney at LawPRACTICE AREA: Real Estate Law, Business Law, Industrial Development Law
Duane R MiyashiroAttorney at LawPRACTICE AREA: Real Estate Law, Admiralty & Maritime Law, Consumer Protection, Litigation, Industrial Development Law
William R WoodAttorney at LawPRACTICE AREA: Real Estate Law, Business Law, Industrial Development Law
NBCNews.comPresident Donald Trump's business career continues to raise legal and ethical questions, one of which is whether he is in violation of the Emoluments Clause. The Clause, which forbids government officials from accepting payments and gifts from foreign ... more »
Saudi GazetteShe said the decision would become meaningless if it did not involve the annulment of the guardianship law in toto. “These are restrictions imposed by society, not God,” she said. Explaining her understanding of the decree, Al-Abedin said, “There is an ... more »
Syracuse.comInvestigators probe the scene for evidence on the Cayuga County Trail in the Village of Cato where a body was found on June 8, 2017. (Samatha House|shouse@syracuse.com). The trail behind the Ira Municipal Building is blocked by crime scene tape. more »
It's a free online legal dictionary search engine for definitions of legal terminology and legal words, legal abbreviations, and legal jargon you may meet when reading legal acts, law books, documents, legal forms and other legal content