Definition, Meaning & Synonyms
in-trust
adverb
/ɪn trʌst/
Definition
A legal term referring to the holding of property or assets by one party for the benefit of another.
Examples
- The assets were held in-trust for the beneficiaries.
- She set up a fund in-trust to support the charity.
- The lawyer acted in-trust for the client’s interests.
Meaning
It signifies a relationship where one person holds property for the benefit of another person, usually under a legal agreement.
Synonyms
- fiduciary
- trustee
- in care
