Trust
/ˈtrʌst/
Definitions
- (n.) A fiduciary relationship whereby one party holds property for the benefit of another.
The trustee manages the trust to benefit the beneficiaries.
- (v.) To place confidence or reliance in a person or entity.
She trusts her attorney to handle the contract fairly.
Forms
- trusts
- trusted
- trusting
Related terms
See also
Commentary
In legal contexts, 'trust' often implies formal arrangements governed by statutes; precision in defining trustee powers and beneficiary rights is essential.
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.