De trust
Example: De trust beheert het vermogen van de familiebedrijven efficiënt.
Definition
"De trust" refers to a legal entity or arrangement that manages assets or property on behalf of others, typically to protect family business wealth or ensure efficient administration. It involves holding and controlling assets for the benefit of designated beneficiaries under specific terms.
Etymology
"De trust" in Dutch originates from the English word "trust," which comes from Old Norse "traust," meaning confidence or protection. Did you know that the concept of a trust was developed in English common law, allowing one party to hold property for another's benefit? The Dutch adopted this term to describe similar legal structures.
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"De trust" appears in the Vocaplus list "Dutch - Law - (A1-C2) - set 1", containing 125 commonly used words.
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