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单词 pure trust
释义

pure trust

Definition
Type of irrevocable trust which involves at least three parties: (1) a creator or settlor (but not grantor), (2) a trustee, and (3) a beneficiary. It is a contractual trust (as opposed to a statutory trust) and is a distinct legal entity in itself.
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更新时间:2025/5/9 19:53:47