MLchartDataset catalogue

Trust fund

Term · Law · MLC-T-LAW-005000

A legal entity holding assets for the benefit of designated beneficiaries, managed by a trustee according to specific instructions. The assets within a trust fund are segregated from the trustee's personal assets and are protected for the beneficiaries. Trust funds are often established for long-term financial planning or charitable purposes.

Table 1. Record
IdentifierMLC-T-LAW-005000
FieldLaw
Record as JSON 
{
  "id": "MLC-T-LAW-005000",
  "term": "Trust fund",
  "field": "Law",
  "definition": "A legal entity holding assets for the benefit of designated beneficiaries, managed by a trustee according to specific instructions. The assets within a trust fund are segregated from the trustee's personal assets and are protected for the beneficiaries. Trust funds are often established for long-term financial planning or charitable purposes.",
  "url": "https://mlchart.com/terminology/law/trust-fund/"
}

Record 5,113 of 5,445 in Law terminology (MLC-0107). Request the full dataset.