Category: T

a trust for the benefit of certain people that is different from a trust that benefits a charitable organisation.

Reputed, responsible and established fiduciary body all parties accept from an agreement, transaction or deal.

Real or personal asset transferred to the trustee under agreements of a trust as the body or object of trust.

The person appointed, or required by law, to execute a trust; one in whom an estate, interest, or power is vested, under an express or implied agreement to administer or exercise it for the benefit or to the use of another. “Trustee” is also used in a wide and perhaps inaccurate sense, to denote that a per- son has the duty of carrying out a transaction, in which lie and another person are in- terested, in such manner as will be most for the benefit of the latter, and not in such a way that he himself might be tempted, for the sake of his personal advantage, to neg- lect the interests of the other. In this sense, directors of companies are said to be “trus- tees for the shareholders.” Sweet

This term applies to a charitable trust that is the opposite of a private trust.

This name applies to the person who is appointed by a court to be the trustee.

1. Asset based financing. Way to fund purchasing inventories of durable consumer items. 2. Documentary credit. Bank allows the importer to take delivery of goods but the bank retains title to them.

See resulting trust.

situation where a will is written and the person gives money to one person with the understanding that they will hold it in trust for another person.

a trust set up to function for the benefit of additional or alternate beneficiaries under certain conditions.