From ACT Wiki
Jump to: navigation, search

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.


A belief that someone or something is reliable, honest, good.

3. 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