trust
noun
uk/trʌst/ us [ U ]
belief that you can depend on someone or something:
Following the recent scandals the industry has to rebuild public trust.
Any good business relationship is built on mutual trust.
He was elected as a public official in a position of trust.
[ C or U ] LAW, FINANCE
a legal arrangement in which you give a person or organization the right to manage money or property for a particular person or group of people that you have chosen to receive the money:
In her will she set up a trust to provide scholarships for young musicians.
His inheritance was held in trust until he reached 18.
They consulted a solicitor on how to move the controlled trust money.
[ C ] LAW, FINANCE
an organization that manages money or property for another person or group:
set up/establish a trust
The company is owned by a trust on behalf of staff.
She is director of the not-for-profit trust that runs the parks.
[ C ] LAW, FINANCE
an arrangement between two or more companies to work together illegally, for example to control prices:
There are difficulties with the laws relating to illegal trusts.
The agreement was found to have breached US anti trust laws.
See also
active trust
blind trust
brains trust
breach of trust
business trust
charitable trust
constructive trust
deed of trust
discretionary trust
executed trust
executory trust
express trust
fixed trust
flexible trust
implied trust
investment trust
living trust
private trust
public trust
unit trust