Trust

From ACT Wiki
Revision as of 11:47, 14 August 2013 by imported>Doug Williamson (Spacing 14/8/13)
Jump to navigationJump to search

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