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2 definitions found
From:
Webster's Revised Unabridged Dictionary (1913)
Trust
n.
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!”
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
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
.
9.
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
.
Syn:
--
Confidence
;
belief
;
faith
;
hope
;
expectation
.
Trust deed
Law
,
a
deed
conveying
property
to
a
trustee
,
for
some
specific
use
.
From:
WordNet (r) 2.0
passive
trust
n
:
a
trust
in
which
the
trustee
performs
no
active
duties
[
ant
:
active trust
]
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