Trust Relationship
/ˈtrʌst rɪˌleɪʃənˌʃɪp/
Definitions
- (n.) A legally recognized connection or arrangement in which one party holds property or authority for the benefit of another.
The trust relationship between the trustee and beneficiary is fiduciary in nature.
- (n.) In information technology law, a mutual recognition between systems or entities permitting secured access or data exchange.
A trust relationship was established between the two companies to facilitate secure information sharing.
Forms
- trust relationship
- trust relationships
Related terms
See also
Commentary
Typically used to denote fiduciary duties or access control arrangements; clarity in specifying parties and scope is essential to avoid ambiguity.
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.