trust fund
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About Our Definitions: All forms of a word (noun, verb, etc.) are now displayed on one page.trust fund
nounDefinition of TRUST FUND
: property (as money or securities) settled or held in trust
See Examples of TRUST FUND
- She paid for college out of a trust fund set up for her by her grandfather.
First Known Use of TRUST FUND
1780
Rhymes with TRUST FUND
trust fund
noun (Concise Encyclopedia)Property (e.g, money or securities) held in a trust; that is, property held legally by one party (the legal owner) for the benefit of another party (the equitable owner). The legal owner, or trustee, has the right of possession and the right of use of the property, but must exercise those rights to the benefit of the equitable owner, or beneficiary. In Anglo-American law, trust funds are set up principally for family settlements and for charitable giving. In the commercial sector, trust funds are often set up to provide for employee pensions and profit-sharing programs.
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