private trust Meaning in the Cambridge English Dictionary Cambridge dictionaries logo

Meaning of “private trust” in the English Dictionary

"private trust" in Business English

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private trustnoun [C]

uk   us  
FINANCE, LAW a ​legalarrangement in which you give a ​person or ​organization the ​right to ​manage your ​money for the ​person or ​group of ​people that you have chosen to receive the ​money: create/set up a private trust We can ​advise you on the ​benefits of ​creating a ​privatetrust to ​protect your family's ​wealth for the next ​generation.
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(Definition of private trust from the Cambridge Business English Dictionary © Cambridge University Press)
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