Meaning of “executed trust” in the English Dictionary

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"executed trust" in Business English

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executed trustnoun [ C ]

uk us LAW

a trust (= arrangement for someone to have legal control over someone else's money and property), especially one in a person's will, that is clear and final, and can be used without needing any more instructions or actions

(Definition of “executed trust” from the Cambridge Business English Dictionary © Cambridge University Press)