Trust

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Revision as of 16:31, 5 February 2014 by imported>Doug Williamson (Added third more general definition (mentioned in ACT ethics) using Oxford and other dictionaries 5/2/14)
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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.


3.

More generally, the belief that someone or something is reliable, honest, good.


See also