Business Trust
/ˈbɪznɪs trʌst/
Definitions
- (n.) A legal arrangement where property or business assets are held and managed by trustees for the benefit of the beneficiaries, often used for investment or estate planning purposes.
The business trust was established to manage the company’s assets on behalf of its investors.
Forms
- business trust
- business trusts
Related terms
See also
Commentary
Business trusts combine features of trusts and corporations; care is needed to distinguish them from traditional trusts especially regarding regulatory treatment and fiduciary duties.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.