The trust
Example: Trust manages assets on behalf of beneficiaries
Definition
"The trust" is a legal arrangement in which one party, known as the trustee, holds and manages assets on behalf of another party, called the beneficiary. This structure is used to protect assets and ensure they are distributed according to specific terms.
Etymology
The term "the trust" comes from the Old English word 'treowth,' meaning faith or confidence. Over time, it evolved in legal contexts to represent a relationship based on reliance and responsibility, reflecting the trustee's duty to manage assets faithfully for the beneficiary.
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"The trust" appears in the Vocaplus list "English - Law - (A1-C2) - set 1", containing 125 commonly used words.
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