noun
trust
An arrangement placing property under management for others' benefit.
The trust holds property for the children until they reach adulthood.
Etymology
The older word concerns confidence and security. The legal arrangement places property in someone's care on the basis of an enforceable duty to others.
More examples
- She places her savings in a trust for her grandchildren.
- A conservation trust manages the land for public benefit.
- The companies form a trust to limit competition.
Forms
trust · trusts
trustee noun — A person or organization managing a trust.
entrust verb — To place something in another person's care.
Similar words
- fund
- Money set aside for a purpose, without necessarily creating a trust.
- endowment
- Typically supports an institution through income from donated assets.