Trust: Difference between revisions
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imported>Doug Williamson m (Added third more general definition (mentioned in ACT ethics) using Oxford and other dictionaries 5/2/14) |
imported>Doug Williamson (Remove UK-specific reference in relation to law.) |
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1. | 1. | ||
'' | ''Law and pensions''. | ||
A legal concept whereby property is held by one or more persons for the benefit of others for the purposes specified in the trust deed. | A legal concept whereby property is held by one or more persons for the benefit of others for the purposes specified in the trust deed. | ||
Revision as of 17:09, 11 March 2015
1.
Law and pensions.
A legal concept whereby property is held by one or more persons for the benefit of others for the purposes specified in the trust deed.
In a pensions context, the beneficiaries of the trust are the members of the pension scheme.
2.
US.
A large organisation that has control - or attempts to gain control - of a market by the use of monopoly or other anti-competitive trade practices.
3.
More generally, the belief that someone or something is reliable, honest, good.
