Der Trust
Example: Der Trust kontrolliert mehrere Unternehmen im gleichen Sektor.
Definition
A "der Trust" is a legal entity or arrangement in which several companies within the same sector are controlled or managed collectively, often to reduce competition and increase market dominance in business.
Etymology
The word "der Trust" comes from the English word 'trust,' which originally meant confidence or reliance. In German legal context, it was adopted to describe a business arrangement where multiple companies are united under common control. Did you know? The concept dates back to the late 19th century during the rise of industrial monopolies.
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"Der Trust" appears in the Vocaplus list "German - Law - (A1-C2) - set 1", containing 125 commonly used words.
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