trust - definition in the Business English Dictionary - Cambridge Dictionaries Online

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English definition of “trust”

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trust

noun
 
 
/trʌst/
[U] belief that you can depend on someone or something: Following the recent scandals the industry has to rebuild public trust. Any good business relationship is built on mutual trust. He was elected as a public official in a position of trust.
[C or U] LAW, FINANCE a legal arrangement in which you give a person or organization the right to manage money or property for a particular person or group of people that you have chosen to receive the money: In her will she set up a trust to provide scholarships for young musicians. His inheritance was held in trust until he reached 18. They consulted a solicitor on how to move the controlled trust money.
[C] LAW, FINANCE an organization that manages money or property for another person or group: set up/establish a trust The company is owned by a trust on behalf of staff. She is director of the not-for-profit trust that runs the parks.
[C] LAW, FINANCE an arrangement between two or more companies to work together illegally, for example to control prices: There are difficulties with the laws relating to illegal trusts. The agreement was found to have breached US anti trust laws.
→  See also active trust , blind trust , brains trust , breach of trust , business trust , charitable trust , constructive trust , deed of trust , discretionary trust , executed trust , executory trust , express trust , fixed trust , flexible trust , implied trust , investment trust , living trust , private trust , public trust , unit trust
(Definition of trust from the Cambridge Business English Dictionary © Cambridge University Press)
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