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a legal arrangement during which someone or Corporation controls home or income for the advantage of another particular person or Group:
an arrangement concerning two or even more corporations to operate alongside one another illegally, for instance to control prices:
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[countable, uncountable] (law) an arrangement by which a corporation or a group of individuals has authorized Charge of income or residence that's been specified to any individual, generally right up until that man or woman reaches a certain age; an amount of money or property that is managed in this way
Testamentary trust: Created with the conditions within your will; compared with other trusts, these trust accounts are only funded upon your Loss of life.
Although they are commonly related to the idle rich, trusts are really versatile instruments that may be employed for many purposes to achieve certain objectives.
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a lawful arrangement during which you give someone or organization the ideal to deal with cash or property for a certain human being or team of men and women you have chosen to acquire The cash:
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Underneath the conditions of the trust he receives interest on The cash, but he are unable to get at The cash by itself.
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