Trust Funds
/ˈtrʌst fʌndz/
Definitions
- (n.) Monetary assets held by a trustee for the benefit of one or more beneficiaries under terms of a trust agreement.
The trustee managed the trust funds prudently to ensure the beneficiary's financial security.
- (n.) Funds designated for a specific purpose, often held by an institution such as a government or corporation under fiduciary obligations.
The environmental trust funds were allocated to support conservation projects.
Forms
- trust fund
Related terms
See also
Commentary
Trust funds are central to fiduciary law; clarity in the trust instrument is crucial to delineate rights and duties regarding these assets.
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.