trusts Definition
- 1a large business organization that controls a lot of smaller companies involved in different activities
- 2a legal arrangement in which someone's property or money is managed by another person or organization
Using trusts: Examples
Take a moment to familiarize yourself with how "trusts" can be used in various situations through the following examples!
Example
The oil trusts controlled the industry in the early 20th century.
Example
The family set up a trust to manage their assets after they passed away.
Example
She put her inheritance into a trust for her children's education.
trusts Synonyms and Antonyms
Synonyms for trusts
- cartel
- combine
- conglomerate
- monopoly
- holding company
Phrases with trusts
a trust in which the beneficiary has no knowledge of the holdings or transactions made by the trustee
Example
The politician put his assets in a blind trust to avoid conflicts of interest.
a trust set up to donate money or assets to a charitable organization
Example
The wealthy businessman established a charitable trust to support cancer research.
a trust created during the lifetime of the trustor, which can be changed or revoked at any time
Example
She set up a living trust to ensure her assets were distributed according to her wishes after she passed away.
Summary: trusts in Brief
The term 'trusts' [trสsts] refers to two distinct concepts. Firstly, it can denote a large business organization that controls many smaller companies, such as oil trusts. Secondly, it can refer to a legal arrangement in which someone's property or money is managed by another person or organization, such as a family trust. Other types of trusts include blind trusts, charitable trusts, and living trusts.
