Jun 09, 2005 18:14
trust n.
Firm reliance on the integrity, ability, or character of a person or thing.
Custody; care.
Something committed into the care of another; charge.
The condition and resulting obligation of having confidence placed in one: violated a public trust.
One in which confidence is placed.
Reliance on something in the future; hope.
Reliance on the intention and ability of a purchaser to pay in the future; credit.
Law.
A legal title to property held by one party for the benefit of another.
The confidence reposed in a trustee when giving the trustee legal title to property to administer for another, together with the trustee's obligation regarding that property and the beneficiary.
The property so held.
A combination of firms or corporations for the purpose of reducing competition and controlling prices throughout a business or an industry.