trust fund
noun
Simple Definition of trust fund
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: money that belongs to one person but is legally held or managed by another person or by an organization
Source: Merriam-Webster's Learner's Dictionary
Full Definition of trust fund
: property (as money or securities) settled or held in trust
Examples of trust fund in a sentence
She paid for college out of a trust fund set up for her by her grandfather.
1780
First Known Use of trust fund
1780
Law Dictionary
Seen and Heard
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