| trust |
An arrangement under which one person or company, often a trust company, for the benefit of another person or persons, hold money or other property. These assets are administered according to the terms of the trust agreement. Each province has a Trustee Act that regulates the kinds of investments that can be made by the trustees of a trust fund.
Ãâó: www.pfc.ca/cms_en/page1112.cfm
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| trust |
A fiduciary relationship in which one person is the holder of title to property subject to an obligation to keep or use the property for the benefit of another. A fiduciary is one who holds something in trust for another and is usually called the trustee. The property contributed to a CRT is held by the trustee in trust for the benefit of the income recipients and the charitable remaindermen.
Ãâó: www.ashland.edu/estate/glossary.html
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| trust |
A legal device used to set aside money or property of one person for the benefit of one or more persons or organizations.
Ãâó: www.mscf.org/DR_Glossary.html
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| trust |
A legal instrument allowing one party to control property for the benefit of another.
Ãâó: www.dorseyagency.com/glossary_t.htm
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| trust |
An instrument placing ownership of property in the name of one person, called a trustee, to be held by the trustee for the use and benefit of some other person.
Ãâó: www.ific.ca/eng/Glossary/index.asp
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