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 state's federal unemployment insurance trust fund — made up of dollars provided by the CARES Act for those laid off because of COVID-19 — had $1.3 billion as of June 6, Benton said. Joe Sonka, The Courier-Journal, "Kentucky approved for $865 million federal loan to shore up unemployment insurance fund," 26 June 2020 The most recent data available from the U.S. Treasury Department shows Florida is the only state in the nation whose trust fund gained money during that time period. John Haughey, Washington Examiner, "Schumer leads call for federal inquiry into Florida’s unemployment system," 9 June 2020 That total includes $209 million in federal funds and $117.5 million from Delaware’s unemployment insurance trust fund. USA TODAY, "Fest cancellations, mixed-up results, unemployment slowdown: News from around our 50 states," 5 June 2020 California is one of only five states that caps the unemployment tax at $7,000, and this is one reason its unemployment trust fund as of Jan. 1 was rated the most insolvent state fund by the U.S. Department of Labor. Kathleen Pender, SFChronicle.com, "Bill coming due for some California nonprofits that laid off workers," 30 May 2020 Coleman’s attorney asserted during her trial that the three other supervisors each paid $2,500 into East Cleveland’s law enforcement trust fund in exchange for their charges being dropped. Evan Macdonald, cleveland, "Ohio Supreme Court affirms appeals court can’t hear East Cleveland’s petition over trial of Cleveland police supervisor from ’137 shots’ case," 28 May 2020 Appendix F reconciles the difference between Social Security’s trust fund and the actual operation of the federal cash budget. Scott Burns, Dallas News, "Scott Burns: Pandemic means more will turn to Social Security," 16 May 2020 The high number of claims in Indiana will likely drain the unemployment trust fund in Indiana and other states, experts previously told the IndyStar. Amelia Pak-harvey, Indianapolis Star, "43,777 Hoosiers filed new unemployment claims last week, fewer than previous week," 7 May 2020 Oregon’s unemployment insurance trust fund is among the best capitalized in the nation, with $5 billion on hand at the start of the outbreak. oregonlive, "Oregon’s historic coronavirus job losses continue: 380,000 now out of work," 7 May 2020

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

Time Traveler

The first known use of trust fund was in 1738

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Statistics for trust fund

Last Updated

30 Jun 2020

Cite this Entry

“Trust fund.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/trust%20fund. Accessed 2 Jul. 2020.

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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

More from Merriam-Webster on trust fund

Thesaurus: All synonyms and antonyms for trust fund

Rhyming Dictionary: Words that rhyme with trust fund

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