Trust

1. UK 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.

See also

• Antitrust law
• Beneficiary
• Deed
• Monopoly
• Settlement
• Settlor
• Trust deed