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[ C ] a authorized arrangement during which an individual or Business controls house and/or money for an additional particular person or Business:
Clever Vocabulary: connected terms and phrases Trusts & funds annuity blind trust charitable trust covenant a thing to a person/anything fund funding Keeping company kitty mutual fund non-discretionary pension fund pension system slush fund guidance syndic the Consolidated Fund trust fund trustee trusteeship device trust See extra final results »
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Funded or Unfunded A funded trust has assets put into it through the trustor during their life time. An unfunded trust is made up only with the trust settlement without any funding.
A spendthrift trust: This trust guards the assets an individual areas from the trust from remaining claimed by creditors. What's more, it allows for the management with the property by an unbiased trustee and forbids the beneficiary from advertising their interest in the trust.
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