Define: Trust

UK Accounting Glossary

Definition: Trust


Quick Summary of Trust


Ancient legal practice where one person (the grantor) transfers the legal title to an asset, called the principle or corpus, to another person (the trustee), with specific instructions about how the corpus is to be managed and disposed.



What is the dictionary definition of Trust?

Dictionary Definition



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Cite Term


To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
https://payrollheaven.com/define/trust/
Modern Language Association (MLA):
Trust. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. September 16, 2019 https://payrollheaven.com/define/trust/.
Chicago Manual of Style (CMS):
Trust. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/trust/ (accessed: September 16, 2019).
American Psychological Association (APA):
Trust. PayrollHeaven.com. Retrieved September 16, 2019, from PayrollHeaven.com website: https://payrollheaven.com/define/trust/

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This glossary post was last updated: 26th December 2018.