Dictionary Home »
Invest » trust
trust investment & finance definition
- An arrangement in which property (either real or monetary) is put under the management and control of a trustee who is responsible for administering it for the trust beneficiary. A trust created by a will is called a testamentary trust. A trust created while the writer is still living is called an inter vivos, or living trust.
- A type of a corporate monopoly that was powerful during the late 19th and early 20th centuries that exerted strong influence over prices. Antitrust laws passed in the early 1900s destroyed the power of trusts. The name trust comes from a voting trust in which a small number of trustees controlled a majority of a company’s shares.
- A group or board of people who have been appointed to manage the affairs of an institution, such as a university.
See trust in Wall Street Words
Learn more about trust