trust fund
A "trust fund" is a legal and financial arrangement used to manage and protect assets for the benefit of designated individuals or entities.
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Definition
C1Law
(technical)Assets managed by a trustee for the benefit of another party.
Example
- The trust fund was established to ensure the children would be financially secure.
B2Finance
(general)A financial arrangement where assets are held and administered according to specific terms set by the grantor.
Example
- She received a monthly allowance from her trust fund.
B2Inheritance
(informal)A substantial sum of money or assets inherited and managed by a trustee.
Example
- He lived comfortably off his trust fund.
Similar
Terms that have similar or relatively close meanings to "trust fund":