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Residing trusts is often revocable or irrevocable. Testamentary trusts are commonly irrevocable at the time founded but might be revocable by using a will In case the grantor remains alive.
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These examples are from corpora and from resources on the web. Any opinions in the examples do not represent the impression on the Cambridge Dictionary editors or of Cambridge University Press or its licensors.
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a legal arrangement in which anyone or Business controls assets or dollars for the benefit of another man or woman or Group:
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That exhibits that there's no betrayal of trust on the ground which the administration may experience in performance.
Widespread Uses for Trusts The trust fund can be an historic instrument (courting back again to feudal moments, the truth is) that is sometimes greeted with scorn because of its association with the idle rich trustbet (as in the pejorative "trust fund baby").
That displays that there is no betrayal of trust on the ground which the administration may well experience in efficiency.
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