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English definition of “trust fund”

trust fund

noun [C]
 
 
FINANCE
an amount of money, property, etc. that is kept and managed for someone by another person or organization: They set up a trust fund in her name to be handed over when she became 18. The company has a health insurance trust fund run jointly by management and the trade union.
(Definition of trust fund from the Cambridge Business English Dictionary © Cambridge University Press)
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