Trust : (noun)
1: something (as property) held by one party (the trustee) for
the benefit of another (the beneficiary); "he is the
beneficiary of a generous trust set up by his father"
2: certainty based on past experience; "he wrote the paper with
considerable reliance on the work of other scientists";
"he put more trust in his own two legs than in the gun"
[syn: reliance]
3: the trait of trusting; of believing in the honesty and
reliability of others; "the experience destroyed his trust
and personal dignity" [syn: trustingness, trustfulness]
[ant: distrust]
4: a consortium of independent organizations formed to limit
competition by controlling the production and distribution
of a product or service; "they set up the trust in the
hope of gaining a monopoly" [syn: corporate trust, combine,
cartel]
5: complete confidence in a person or plan etc; "he cherished
the faith of a good woman"; "the doctor-patient
relationship is based on trust" [syn: faith]
6: a trustful relationship; "he took me into his confidence";
"he betrayed their trust" [syn: confidence]
(verb)
1: have confidence or faith in; "We can trust in God"; "Rely on
your friends"; "bank on your good education"; "I swear
by my grandmother's recipes" [syn: swear, rely, bank]
[ant: distrust, distrust]
2: allow without fear
3: be confident about something; "I believe that he will come
back from the war" [syn: believe]
4: expect and wish; "I trust you will behave better from now
on"; "I hope she understands that she cannot expect a
raise" [syn: hope, desire]
5: confer a trust upon; "The messenger was entrusted with the
general's secret"; "I commit my soul to God" [syn: entrust,
intrust, confide, commit]
6: extend credit to
Based on WordNet 2.0
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Trust : \Trust\, n.
1. An equitable right or interest in property distinct from
the legal ownership thereof; a use (as it existed before
the Statute of Uses); also, a property interest held by
one person for the benefit of another. Trusts are active,
or special, express, implied, constructive, etc. In a
passive trust the trustee simply has title to the trust
property, while its control and management are in the
beneficiary.
2. A business organization or combination consisting of a
number of firms or corporations operating, and often
united, under an agreement creating a trust (in sense 1),
esp. one formed mainly for the purpose of regulating the
supply and price of commodities, etc.; often,
opprobriously, a combination formed for the purpose of
controlling or monopolizing a trade, industry, or
business, by doing acts in restraint or trade; as, a sugar
trust. A trust may take the form of a corporation or of a
body of persons or corporations acting together by mutual
arrangement, as under a contract or a so-called
gentlemen's agreement. When it consists of corporations it
may be effected by putting a majority of their stock
either in the hands of a board of trustees (whence the
name trust for the combination) or by transferring a
majority to a holding company. The advantages of a trust
are partly due to the economies made possible in carrying
on a large business, as well as the doing away with
competition. In the United States severe statutes against
trusts have been passed by the Federal government and in
many States, with elaborate statutory definitions.
Based on Webster's Revised Unabridged Dictionary
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Trust : \Trust\, n. [OE. trust, trost, Icel. traust confidence,
security; akin to Dan. & Sw. tr["o]st comfort, consolation,
G. trost, Goth. trausti a convention, covenant, and E. true.
See True, and cf. Tryst.]
1. Assured resting of the mind on the integrity, veracity,
justice, friendship, or other sound principle, of another
person; confidence; reliance; reliance. ``O ever-failing
trust in mortal strength!'' --Milton.
Most take things upon trust. --Locke.
2. Credit given; especially, delivery of property or
merchandise in reliance upon future payment; exchange
without immediate receipt of an equivalent; as, to sell or
buy goods on trust.
3. Assured anticipation; dependence upon something future or
contingent, as if present or actual; hope; belief. ``Such
trust have we through Christ.'' --2 Cor. iii. 4.
His trust was with the Eternal to be deemed Equal in
strength. --Milton.
4. That which is committed or intrusted to one; something
received in confidence; charge; deposit.
5. The condition or obligation of one to whom anything is
confided; responsible charge or office.
[I] serve him truly that will put me in trust.
--Shak.
Reward them well, if they observe their trust.
--Denham.
6. That upon which confidence is reposed; ground of reliance;
hope.
O Lord God, thou art my trust from my youth. --Ps.
lxxi. 5.
7. (Law) An estate devised or granted in confidence that the
devisee or grantee shall convey it, or dispose of the
profits, at the will, or for the benefit, of another; an
estate held for the use of another; a confidence
respecting property reposed in one person, who is termed
the trustee, for the benefit of another, who is called the
cestui que trust.
8. An organization formed mainly for the purpose of
regulating the supply and price of commodities, etc.; as,
a sugar trust. [Cant]
Syn: Confidence; belief; faith; hope; expectation.
Trust deed (Law), a deed conveying property to a trustee,
for some specific use.
Based on Webster's Revised Unabridged Dictionary
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Trust : \Trust\, v. t. [imp. & p. p. Trusted; p. pr. & vb. n.
Trusting.] [OE. trusten, trosten. See Trust, n.]
1. To place confidence in; to rely on, to confide, or repose
faith, in; as, we can not trust those who have deceived
us.
I will never trust his word after. --Shak.
He that trusts every one without reserve will at
last be deceived. --Johnson.
2. To give credence to; to believe; to credit.
Trust me, you look well. --Shak.
3. To hope confidently; to believe; -- usually with a phrase
or infinitive clause as the object.
I trust to come unto you, and speak face to face.
--2 John 12.
We trustwe have a good conscience. --Heb. xiii.
18.
4. to show confidence in a person by intrusting (him) with
something.
Whom, with your power and fortune, sir, you trust,
Now to suspect is vain. --Dryden.
5. To commit, as to one's care; to intrust.
Merchants were not willing to trust precious cargoes
to any custody but that of a man-of-war. --Macaulay.
6. To give credit to; to sell to upon credit, or in
confidence of future payment; as, merchants and
manufacturers trust their customers annually with goods.
7. To risk; to venture confidently.
[Beguiled] by thee to trust thee from my side.
--Milton.
Based on Webster's Revised Unabridged Dictionary
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Trust : \Trust\, v. i.
1. To have trust; to be credulous; to be won to confidence;
to confide.
More to know could not be more to trust. --Shak.
2. To be confident, as of something future; to hope.
I will trust and not be afraid. --Isa. xii. 2.
3. To sell or deliver anything in reliance upon a promise of
payment; to give credit.
It is happier sometimes to be cheated than not to
trust. --Johnson.
To trust in, To trust on, to place confidence in,; to
rely on; to depend. ``Trust in the Lord, and do good.''
--Ps. xxxvii. 3. ``A priest . . . on whom we trust.''
--Chaucer.
Her widening streets on new foundations trust.
--Dryden.
To trust to or unto, to depend on; to have confidence in;
to rely on.
They trusted unto the liers in wait. --Judges xx.
36.
Based on Webster's Revised Unabridged Dictionary
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Trust : \Trust\, a.
Held in trust; as, trust property; trustmoney.
Based on Webster's Revised Unabridged Dictionary
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TRUST, contracts, devises. An equitable right, title or interest in
property, real or personal, distinct from its legal ownership; or it is a
personal obligation for paying, delivering or performing anything, where the
person trusting has no real. right or security, for by, that act he confides
altogether to the faithfulness of those entrusted. This is its most general
meaning, and includes deposits, bailments, and the like. In its more
technical sense, it may be defined to be an obligation upon a person,
arising out of a confidence reposed in him, to apply property faithfully,
and according to such confidence. Willis on Trustees, 1; 4 Kent, Com. 295; 2
Fonb. Eq. 1; 1 Saund. Uses and Tr. 6; Coop. Eq. Pl. Introd. 27; 3 Bl. Com.
431.
2. Trusts were probably derived from the civil law. The fidei
commissum, (q.v.) is not dissimilar to a trust.
3. Trusts are either express or implied. 1st. Express trusts are those
which are created in express terms in the deed, writing or will. The terms
to create an expressTrust : will be sufficient, if it can be fairly collected
upon the face of the instrument that a trust was intended. Express trusts
are usually found in preliminary sealed agreements, such as marriage
articles, or articles for the purchase of land; in formal conveyances, such
as marriage settlements, terms for years, mortgages, assignments for the
payment of debts, raising portions or other purposes; and in wills and
testaments, when the bequests involve fiduciary interests for private
benefit or public charity,, they may be created even by parol. 6 Watts &
Serg. 97.
4.-2d. Implied trusts are those which without being expressed, are
deducible from the nature of the transaction, as matters of intent; or which
are superinduced upon the transaction by operation of law, as matters of
equity, independently of the particular intention of the parties.
5. The most common form of an implied trust is where property or money
is delivered by one person to another, to be by the latter delivered to a
third person. These implied trusts greatly extend over the business and
pursuits of men: a few examples will be given.
6. When land is purchased by one man in the name of another, and the
former pays the consideration money, the land will in general be held by the
grantee in Trust for the person who so paid the consideration money. Com.
Dig. Chancery, 3 W 3; 2 Fonb. Eq. book 2, c. 5, Sec. 1, note a. Story, Eq.
Jur. Sec. 1201.
7. When real property is purchased out of partnership funds, and the
title is taken in the name of one of the partners, he will hold it in trust
for all the partners. 7 Ves. jr. 453; Montague on Partn. 97, n.; Colly.
Partn. 68.
8. When a contract is made for the sale of land, in equity the vendor
is immediately deemed a trustee for the vendee of the estate; and the
vendee, a trustee for the vendor of the purchase money; and by this means
there is an equitable conversion of the property. 1 Fonb. Eq. book 1, ch. 6,
Sec. 9, note t; Story, Eq. Jur. SSSS 789, 790, 1212. See Conversion. For the
origin of trusts in the civil law, see 5 Toull. Dr. Civ. Fr. liv. 3, t. 2,
c. 1, n. 18; 1 Brown's Civ. Law, 190. Vide Resulting Trusts. See, generally,
Bouv. Inst. Index, h.t.
Based on Webster's Revised Unabridged Dictionary (1913)
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