Meaning of “express trust” in the English Dictionary

business-english dictionary

"express trust" in Business English

See all translations

express trustnoun [ C ]

uk us

LAW a trust (= legal arrangement in which a person or organization controls another's assets) whose conditions are stated by the person making it, rather than being agreed by a legal process in a court:

An express trust is created by a settlor (the person setting up the trust) giving explicit instructions as to how his or her property is to be held.

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