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English definition of “trust”

trust

noun [C] (LEGAL ARRANGEMENT)    /trʌst/
a legal arrangement in which a person or organization controls property and/or money for another person or organization: Under the terms of the trust he receives interest on the money, but he cannot get at the money itself. The money that her father left her is being held/kept in trust (= being controlled) for her until she's 30.Trusts and funds
(Definition of trust noun (LEGAL ARRANGEMENT) from the Cambridge Advanced Learner's Dictionary & Thesaurus © Cambridge University Press)
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