| Trust (trust) |
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| n. | (?) |
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| Trust |
| [OE. trust,
trost, Icel. traust confidence, security] akin to Dan. *** Sw.
trö]st comfort, consolation, G. trost, Goth.
trausti a convention, covenant, and E. true. See True,
and cf. T |
Assured resting of the mind
on the integrity, veracity, justice, friendship, or other sound principle,
of another person; confidence; reliance; reliance.
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.
Assured anticipation; dependence upon something
future or contingent, as if present or actual; hope; belief.
That which is committed or intrusted to one;
something received in confidence; charge; deposit.
The condition or obligation of one to whom
anything is confided; responsible charge or office.
That upon which confidence is reposed; ground of
reliance; hope.
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.
An organization formed mainly for the purpose of
regulating the supply and price of commodities, etc.; as, a sugar
trust.
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Held in trust; as,
trust property; trustmoney.
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To place confidence in] to rely on, to confide, or
repose faith, in; as, we can not trust those who have deceived
us.
To give credence to; to believe; to
credit.
To hope confidently; to believe; -- usually with
a phrase or infinitive clause as the object.
to show confidence in a person by intrusting
(him) with something.
To commit, as to one's care; to
intrust.
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.
To risk; to venture confidently.
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To have
trust; to be credulous; to be won to confidence; to confide.
To be confident, as of something future; to
hope.
To sell or deliver anything in reliance upon a
promise of payment; to give credit.
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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.
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.
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In celebration of Noah Webster's Birthday (October 16, 2009), we have prepared an updated website. 