trust fund

noun

Definition of trust fund

: property (such 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.
Recent Examples on the Web The legislation makes a series of changes to how the state supports its unemployment insurance trust fund. Mike Rogoway | The Oregonian/oregonlive, oregonlive, "Oregon House unanimously approves employer tax cuts worth $2.4 billion over 10 years," 16 Apr. 2021 However, the state is out of unemployment money; its unemployment trust fund financed by employer taxes ran out last spring, which economists attribute to an outdated tax system that has gone largely untouched for the last four decades. Winston Gieseke, USA TODAY, "In California: COVID-19 cases holding steady; state borrows $21B for jobless benefits," 30 Mar. 2021 The state’s Revenue Estimating Conference projected that the increase would result in businesses paying an additional $713 million to the trust fund this year. Caroline Glenn, orlandosentinel.com, "Florida may use federal COVID relief money to cut unemployment taxes for businesses," 4 Mar. 2021 The fact is, the state tapped out its UI trust fund in July, Grove said, and has been borrowing from the feds ever since, with a tab now approaching $50 million. Editorial Board Star Tribune, Star Tribune, "Make a deal on state COVID-19 relief," 11 Dec. 2020 An executive order issued by Lamont Friday directs the state to tap $7.7 million from its unemployment trust fund to provide additional unemployment funds to low-wage workers who lost their jobs in the pandemic but are ineligible for federal money. Russell Blair, courant.com, "Connecticut Politics Week in Review: First coronavirus vaccines arrive later this month," 4 Dec. 2020 The state, which had to borrow money to replenish its unemployment insurance trust fund, saw an increase of more than 32,000 filings. David Lyons, sun-sentinel.com, "Florida hits another pandemic low with unemployment claims," 19 Nov. 2020 The Senate approved an amendment by Sen. Arthur Orr, R-Decatur, to put 5% of lottery revenue into a trust fund for retired education employees until the amount in the fund reaches $100 million. Mike Cason | Mcason@al.com, al, "Alabama Senate debates lottery bill; delays final vote," 7 Apr. 2021 College athletics will likely have to set up some sort of similar model, though perhaps with the caveat that any money earned is put into a trust fund that is not ;paid out until an athletes graduates or leaves for the pros. Paul Newberry, Star Tribune, "Column: To pay or not pay college athletes is not the issue," 2 Apr. 2021

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'trust fund.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

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First Known Use of trust fund

1738, in the meaning defined above

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Time Traveler for trust fund

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The first known use of trust fund was in 1738

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Statistics for trust fund

Last Updated

14 May 2021

Cite this Entry

“Trust fund.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/trust%20fund. Accessed 18 May. 2021.

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More Definitions for trust fund

trust fund

noun

English Language Learners Definition of trust fund

: money that belongs to one person but is legally held or managed by another person or by an organization

trust fund

Legal Definition of trust fund

— see fund sense 1

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