Massachusetts Trust

Business, Legal & Accounting Glossary

Definition: Massachusetts Trust


Massachusetts Trust


What is the dictionary definition of Massachusetts Trust?

Dictionary Definition


n. a business in which the investors give management authority to a trustee and receive “trust certificates” representing their investments. Since they own only the certificates and do not participate in management, the investors can only lose their investment and are not personally liable for any debts of the trust. This is similar to a “limited partnership.” A Massachusetts Trust is strictly a business entity and bears no relationship to a personal trust like living and testamentary trusts set up to manage and protect the assets of individuals and provide for eventual distribution.


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Modern Language Association (MLA):
Massachusetts Trust. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
March 28, 2024 https://payrollheaven.com/define/massachusetts-trust/.
Chicago Manual of Style (CMS):
Massachusetts Trust. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/massachusetts-trust/ (accessed: March 28, 2024).
American Psychological Association (APA):
Massachusetts Trust. PayrollHeaven.com. Retrieved March 28, 2024
, from PayrollHeaven.com website: https://payrollheaven.com/define/massachusetts-trust/

Definition Sources


Definitions for Massachusetts 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: 28th April, 2020 | 0 Views.