- Trust Fund
- A trust fund is a fund comprised of a variety of assets intended to provide benefits to an individual or organization. The trust fund is established by a grantor to provide financial security to an individual, most often a child or grandchild - or organizations, such as a charity or other non-profit organization.
A trust fund can be comprised of cash, stocks, bonds, property and other types of financial products. The recipient of a trust fund must typically wait until a certain age, or until a specified event occurs, to receive a yearly income from the fund. Prior to this, a single trustee, or a group of trustees, manages the fund in a manner appropriate to the trust fund's specifications. This will usually include some allowance for living expenses and perhaps educational expenses, such as private school or college.
Investment dictionary. Academic. 2012.
Look at other dictionaries:
trust fund — see fund 1 Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. trust fund n. Property or … Law dictionary
trust fund — ➔ fund1 * * * trust fund UK US noun [C] FINANCE ► an amount of money, property, etc. that is kept and managed for someone by another person or organization: »They set up a trust fund in her name to be handed over when she became 18. »The company… … Financial and business terms
trust fund — ► NOUN ▪ a fund consisting of assets belonging to a trust, held by the trustees for the beneficiaries … English terms dictionary
trust fund — trust funds N COUNT A trust fund is an amount of money or property that someone owns, usually after inheriting it, but which is kept and invested for them … English dictionary
trust fund — trust′ fund n. money, securities, etc., held in trust • Etymology: 1860–65 … From formal English to slang
trust fund — n. money, securities, etc. held in trust … English World dictionary
trust fund — n money belonging to someone that is controlled for them by a trustee … Dictionary of contemporary English
trust fund — trust ,fund noun count an amount of money invested and managed for someone, often a child, by another person or organization … Usage of the words and phrases in modern English
trust fund — noun a fund held in trust • Hypernyms: ↑fund, ↑monetary fund * * * I. noun 1. : trust estate; especially : money … Useful english dictionary
trust fund — 1. money, securities, property, etc., held in trust. 2. a government fund administered separately from other funds and used for a specified purpose: a highway trust fund. [1860 65] * * * Property (e.g, money or securities) held in a trust; that… … Universalium