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Meaning of “business trust” in the English Dictionary

"business trust" in Business English

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business trustnoun [C]

uk   us  
US LAW, FINANCE a ​legalarrangement in which a ​person or ​organizationcontrolsproperty, ​investments, etc., for another ​person or ​business: Houses can be ​purchased in the ​name of a ​businesstrust to disguise the ​name of the ​actualowner.
(Definition of business trust from the Cambridge Business English Dictionary © Cambridge University Press)
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