How to use trust in a sentence. A trust is a fiduciary relationship in which the trustor gives the trustee the right to hold title to property or assets for the beneficiary. Meaning, pronunciation, translations and examples. Firm belief in the reliability, truth, or ability of someone or something.
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An example of trust is the belief that someone is being truthful. See corresponding entry in Unabridged certainty, belief, faith. An entity could be a person, . BusinessDictionary. A trust is not an account, but rather a legal document that certifies ownership of assets. People place assets in trust for many different reasons.
In a social context, trust has several connotations. THE DEFINITION OF A TRUST.
T HERE have been many definitions of a trust , more per- haps than of any other common legal institution. While most of these . A trust is an agreement that allows a person (trustor) to give legal responsibility of their estate to another person (trustee) for a receiving third party . What does trust mean? If we can surround ourselves with people we trust , then. Trusts can be arranged in may. In other words, while you are still alive, you transfer title to your property from your name to that of the trustee of the living trust.
You can use the trust to gather your . Hence, trust is by nature hard to narrow down to. Harrison McKnight and Norman L. Chervany one specific definition because of the richness of . As part of its definition , a trust is composed of three parties - the trustor, trustee and beneficiary. But what are these three parts and how do they . Free online Dictionary including thesaurus, children's and intermediate dictionary by Wordsmyth.
Definition of trust. Of course, contributions to the trust should not have been deductible . Confidence in or reliance on some person or quality.
Etymology: truste, from traust, . From Middle English truste (“ trust , protection”), from Old Norse traust (“confidence , help, protection”),. Numbers do not necessarily match those in definitions. Meaning of trust with illustrations and photos. Related words - trust synonyms,.
Some philosophers would say that trust is a propositional attitude, an abstract relation between an abstract self and an abstract meaning of the . A trust is a way of holding property for the benefit of other people without giving them full control over it.
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