Bare Trust

Business, Legal & Accounting Glossary

Definition: Bare Trust



Full Definition of Bare Trust


trust in which the trustee has no personal discretion, but is obliged to give effect to the wishes of the beneficiaries.

See also nominee.


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https://payrollheaven.com/define/bare-trust/
Modern Language Association (MLA):
Bare Trust. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. May 13, 2021 https://payrollheaven.com/define/bare-trust/.
Chicago Manual of Style (CMS):
Bare Trust. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/bare-trust/ (accessed: May 13, 2021).
American Psychological Association (APA):
Bare Trust. PayrollHeaven.com. Retrieved May 13, 2021, from PayrollHeaven.com website: https://payrollheaven.com/define/bare-trust/

Definition Sources


Definitions for Bare Trust are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 4th April, 2020 | 1 Views.