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trust Искать примеры произношения
n. an entity created to hold assets for the benefit of certain persons or entities, with a trustee managing the trust (and often holding title on behalf of the trust). Most trusts are founded by the persons (called trustors, settlors and/or donors) who execute a written declaration of trust which establishes the trust and spells out the terms and conditions upon which it will be conducted. The declaration also names the original trustee or trustees, successor trustees or means to choose future trustees. The assets of the trust are usually given to the trust by the creators, although assets may be added by others. During the life of the trust, profits and, sometimes, a portion of the principal (called "corpus") may be distributed to the beneficiaries, and at some time in the future (such as the death of the last trustor or settlor) the remaining assets will be distributed to beneficiaries. A trust may take the place of a will and avoid probate (management of an estate with court supervision) by providing for distribution of all assets originally owned by the trustors or settlors upon their death. There are numerous types of trusts, including "revocable trusts" created to handle the trustors' assets (with the trustor acting as initial trustee), often called a "living trust" or "inter vivos trust" which only becomes irrevocable on the death of the first trustor; "irrevocable trust," which cannot be changed at any time; "charitable remainder unitrust," which provides for eventual guaranteed distribution of the corpus (assets) to charity, thus gaining a substantial tax benefit. There are also court-decreed "constructive" and "resulting" trusts over property held by someone for its owner. A "testamentary trust" can be created by a will to manage assets given to beneficiaries. See also: constructive trust declaration of trust inter vivos trust living trust resulting trust settlor testamentary trust trustee trustor
breach of trust Искать примеры произношения
n. 1) any act which is in violation of the duties of a trustee or of the terms of a trust. Such a breach need not be intentional or with malice, but can be due to negligence. 2) breaking a promise or confidence. See also: breach
cestui que trust Искать примеры произношения
n. (properly pronounced ses-tee kay, but lawyers popularly pronounce it setty kay) from old French. 1) an old-fashioned expression for the beneficiary of a trust. 2) "the one who trusts" or the person who will benefit from the trust and will receive payments or a future distribution from the trust's assets. See also: beneficiary
constructive trust Искать примеры произношения
n. when a person has title to property and/or takes possession of it under circumstances in which he/she is holding it for another, even though there is no formal trust document or agreement. The court may determine that the holder of the title holds it as constructive trustee for the benefit of the intended owner. This may occur through fraud, breach of faith, ignorance or inadvertence. See also: constructive trust
declaration of trust Искать примеры произношения
n. the document signed by a trustor (settlor) creating a trust into which assets are placed, a trustee is appointed to manage the trust (who may be the party who created the trust), the powers and duties of management of the principal and profits of the trust are stated, and distribution of profits and principal is spelled out. See also: settlor trust trustee trustor
deed of trust Искать примеры произношения
n. a document which pledges real property to secure a loan, used instead of a mortgage in Alaska, Arizona, California, Colorado, Georgia, Idaho, Illinois, Mississippi, Missouri, Montana, North Carolina, Texas, Virginia and West Virginia. The property is deeded by the title holder (trustor) to a trustee (often a title or escrow company) which holds the title in trust for the beneficiary (the lender of the money). When the loan is fully paid, the trustor requests the trustee to return the title by reconveyance. If the loan becomes delinquent the beneficiary can file a notice of default and, if the loan is not brought current, can demand that the trustee begin foreclosure on the property so that the beneficiary may either be paid or obtain title. See also: foreclosure mortgage reconveyance
living trust Искать примеры произношения
n. sometimes called an inter vivos (Latin for "within one's life") trust, a trust created by a declaration of trust executed by the trustor or trustors (also called settlor or settlors) during his/her/their lifetime, as distinguished from a "testamentary trust," which is created by a will and only comes into force upon the death of the person who wrote the will. A living trust should not be confused with a "living will," which provides for medical care decisions when a person is terminally ill. While a living trust is a generic name for any trust which comes into existence during the lifetime of the person or persons creating the trust, most commonly it is a trust in which the trustor(s) or settlor(s) receive benefit(s) from the profits of the trust during their lifetimes, followed by a distribution upon the death of the last trustor (settlor) to die, or the trust continues on for the benefit of others (such as the next generation) with profits distributed to them. There are other types of living trusts including irrevocable trust, insurance trust, charitable remainder trust and some special- ized trusts to manage some parts of the assets of a person or persons. See also: beach bum trust provision beneficiary inter vivos living will settlor spendthrift clause trust trustee trustor
Massachusetts Trust Искать примеры произношения
n. a business in which the investors give management authority to a trustee and receive "trust certificates" representing their investments. Since they own only the certificates and do not participate in management, the investors can only lose their investment and are not personally liable for any debts of the trust. This is similar to a "limited partnership." A Massachusetts Trust is strictly a business entity and bears no relationship to a personal trust like living and testamentary trusts set up to manage and protect the assets of individuals and provide for eventual distribution.
non-discretionary trust Искать примеры произношения
n. a trust in which the trustee is directed to invest only in specifically named securities and to diversify the investments among certain types of securities. The trustee has no discretion or personal decision-making power in the matter. See also: trust
resulting trust Искать примеры произношения
n. a trust implied by law (as determined by a court) that a person who holds title or possession was intended by agreement (implied by the circumstances) with the intended owner to hold the property for the intended owner. Thus, the holder is considered a trustee of a resulting trust for the proper owner as beneficiary. Although a legal fiction, the resulting trust forces the holder to honor the intention and prevents unjust enrichment. Example: Mahalia leaves $100,000 with her friend, Albert, while she is on a trip to Europe, asking him "to buy the old Barsallo place if it comes on the market." Albert buys the property, but has title put in his own name, which the court will find is held in a resulting trust for Mahalia. A resulting trust differs from a "constructive trust," which comes about when someone by accident, misunderstanding or dishonesty comes into possession of property belonging to another. See also: constructive trust trust
simple trust Искать примеры произношения
n. a trust which requires that all income be distributed each year and not accumulated. See also: trust
tentative trust Искать примеры произношения
n. a bank account deposited in the name of the depositor "in trust for" someone else, which is a tentative trust until the death of the depositor since the money can be withdrawn at any time. See also: trust
testamentary trust Искать примеры произношения
n. a trust created by the terms of a will. Example: "The residue of my estate shall form the corpus (body) of a trust, with the executor as trustee, for my children's health and education, which shall terminate when the last child attains the age of 25, when the remaining corpus and any accumulated profits shall be divided among my then living children." A testamentary trust differs from an "inter vivos" or "living" trust, which comes into being during the lifetime of the creator of the trust (called trustor, settlor or donor), usually from the time the declaration of trust is signed. See also: inter vivos trust living trust trust will
trust deed Искать примеры произношения
n. another name for a deed of trust, a form of mortgage used in some states, in which title is transferred to a trustee to protect the lender (beneficiary) until the loan is paid back. See also: deed of trust
trust fund Искать примеры произношения
n. the principal (called the corpus) of a trust, made up of its assets and, sometimes, accumulated profits. See also: trust


Словари, в которых найден искомый текст:
 Английский юридический словарь (21)
 Глоссарий бизнес-терминов (1)
 Collins COBUILD Advanced Learner's English Dictionary 4th edition (5)
 Concise Oxford English Dictionary, 11th edition (14)
 The Bbi Combinatory Dictionary of English (2)
 US Webster’s Unabridged Dictionary (3)


Примеры употребления слова "trust" в англоязычной прессе:

1.   One needs to trust certain key individuals. The chief executive has to keep the company going in the right direction, and to make sure that everyone knows which direction that is." Also the fact that the employees' interests are strongly looked after is new after a long career in the retail business. (Helsingin Sanomat, 2006-01-10)

2.   Finland will contribute the aid to the multi-donor trust fund, which was founded in May and is governed by The World Bank and the Indonesian Government. (Helsingin Sanomat, 2005-09-16)

3.   Fifty-three percent of the respondents said they do not trust the Union. (Helsingin Sanomat, 2005-09-13)

4.   "Cooperation among municipalities is expanding so slowly that we cannot trust in it", he said. (Helsingin Sanomat, 2005-08-26)

5.   The schoolchildren remember the traffic regulations better than the grown-ups. Tervonen explains that the pupils are reminded on the first school day not just to trust the traffic lights but always to check whether there are cars coming. (Helsingin Sanomat, 2005-08-17)

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