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trust fund

 
Dictionary: trust fund
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n.
Property, especially money and securities, held or settled in trust.


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Britannica Concise Encyclopedia: trust fund
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Property (e.g, money or securities) held in a trust; that is, property held legally by one party (the legal owner) for the benefit of another party (the equitable owner). The legal owner, or trustee, has the right of possession and the right of use of the property, but must exercise those rights to the benefit of the equitable owner, or beneficiary. In Anglo-American law, trust funds are set up principally for family settlements and for charitable giving. In the commercial sector, trust funds are often set up to provide for employee pensions and profit-sharing programs.

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Accounting Dictionary: Trust Fund
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One used to account for a government's fiduciary responsibilities and activities in managing trusts. There are basically three types of trust funds: expendable trust funds, nonexpendable trust funds, and pension trust funds.

WordNet: trust fund
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Note: click on a word meaning below to see its connections and related words.

The noun has one meaning:

Meaning #1: a fund held in trust

 
 

 

Copyrights:

Dictionary. The American Heritage® Dictionary of the English Language, Fourth Edition Copyright © 2007, 2000 by Houghton Mifflin Company. Updated in 2009. Published by Houghton Mifflin Company. All rights reserved.  Read more
Britannica Concise Encyclopedia. Britannica Concise Encyclopedia. © 2006 Encyclopædia Britannica, Inc. All rights reserved.  Read more
Accounting Dictionary. Dictionary of Accounting Terms. Copyright © 2005 by Barron's Educational Series, Inc. All rights reserved.  Read more
WordNet. WordNet 1.7.1 Copyright © 2001 by Princeton University. All rights reserved.  Read more