BNET Business Dictionary
Business Definition for: Trust
- a company that has a monopoly
- a collection of assets held by somebody for another person's benefit
Wiktionary Definition for: Trust
- Held in trust; as, trust property; trustmoney.
- An equitable right or interest in property distinct from the legal ownership thereof; a use (as it existed before the Statute of Uses); also, a property interest held by one person for the benefit of another. Trusts are active, or special, express, implied, constructive, etc. In a {passive trust} the trustee simply has title to the trust property, while its control and management are in the beneficiary.
- A business organization or combination consisting of a number of firms or corporations operating, and often united, under an agreement creating a trust (in sense 1), esp. one formed mainly for the purpose of regulating the supply and price of commodities, etc.; often, opprobriously, a combination formed for the purpose of controlling or monopolizing a trade, industry, or business, by doing acts in restraint or trade; as, a sugar trust. A trust may take the form of a corporation or of a body of persons or corporations acting together by mutual arrangement, as under a contract or a so-called gentlemen's agreement. When it consists of corporations it may be effected by putting a majority of their stock either in the hands of a board of trustees (whence the name trust for the combination) or by transferring a majority to a holding company. The advantages of a trust are partly due to the economies made possible in carrying on a large business, as well as the doing away with competition. In the United States severe statutes against trusts have been passed by the Federal government and in many States, with elaborate statutory definitions.
- Assured resting of the mind on the integrity, veracity, justice, friendship, or other sound principle, of another person; confidence; reliance.
- Ex:O ever-failing trust in mortal strength! --Milton.
- Ex:Most take things upon trust. --Locke.
- Credit given; especially, delivery of property or merchandise in reliance upon future payment; exchange without immediate receipt of an equivalent; as, to sell or buy goods on trust.
- Assured anticipation; dependence upon something future or contingent, as if present or actual; hope; belief.
- Ex:Such trust have we through Christ. --2 Cor. iii. 4.
- Ex:His trust was with the Eternal to be deemed Equal in strength. --Milton.
- That which is committed or intrusted to one; something received in confidence; charge; deposit.
- The condition or obligation of one to whom anything is confided; responsible charge or office.
- Ex: I serve him truly that will put me in trust.--Shak.
- Ex:Reward them well, if they observe their trust.--Denham.
- That upon which confidence is reposed; ground of reliance; hope.
- Ex:O Lord God, thou art my trust from my youth. --Ps.lxxi. 5.
- # law An estate devised or granted in confidence that the devisee or grantee shall convey it, or dispose of the profits, at the will, or for the benefit, of another; an estate held for the use of another; a confidence respecting property reposed in one person, who is termed the trustee, for the benefit of another, who is called the cestui que trust.
- An organization formed mainly for the purpose of regulating the supply and price of commodities, etc.; as, a sugar trust. Cant
- To place confidence in; to rely on, to confide, or repose faith, in; as, we can not trust those who have deceived us.
- Ex:I will never trust his word after. --Shak.
- Ex:He that trusts every one without reserve will at last be deceived. --Johnson.
- To give credence to; to believe; to credit.
- Ex:Trust me, you look well. --Shak.
- To hope confidently; to believe; -- usually with a phrase or infinitive clause as the object.
- Ex:I trust to come unto you, and speak face to face. --2 John 12.
- Ex:We trustwe have a good conscience. --Heb. xiii. 18.
- to show confidence in a person by intrusting (him) with something.
- Ex:Whom, with your power and fortune, sir, you trust, Now to suspect is vain. --Dryden.
- To commit, as to one's care; to intrust.
- Ex:Merchants were not willing to trust precious cargoes to any custody but that of a man-of-war. --Macaulay.
- To give credit to; to sell to upon credit, or in confidence of future payment; as, merchants and manufacturers trust their customers annually with goods.
- To risk; to venture confidently.
- Ex: Beguiled by thee to trust thee from my side. --Milton.
- To have trust; to be credulous; to be won to confidence; to confide.
- Ex:More to know could not be more to trust. --Shak.
- To be confident, as of something future; to hope.
- Ex:I will trust and not be afraid. --Isa. xii. 2.
- To sell or deliver anything in reliance upon a promise of payment; to give credit.
- Ex:It is happier sometimes to be cheated than not to trust. --Johnson.
Additional Resources
- Rethinking Trust
- Trust is essential for business and economic success. But recent financial scandals suggest that people aren't always very smart about whom they trust. Bernard Madoff took in some of the world's cleverest people. ...
- Articles 2009-09-07
- How to Regain the Trust of Disengaged Staff
- Organisational trust has been studied for many years. Only relatively recently however have events helped to drive this issue to the top of many business agendas. The near collapse of the financial system and the actions of senior bankers is one of the most damaging. The recent...
- Blog posts 2009-06-30
- Ten Steps to Building Trust in Business Relationships
- Trust is hard won and easily lost, as scandals in the banking and political worlds have shown. In a client/sales realationship, it's useful to ask yourself: what does trust look like when it walks into a room? Trust should have great key soft skills. When you’re first introduced; warm...
- Blog posts 2009-06-05
- Three Reasons Why Trust Matters Online
- Gone are the days that a local hardware store built its foundations upon local trust by word of mouth. No longer do you have to know the first name of your clients or take them out for a game of golf. Today, transactions are done online -- sometimes even without...
- Blog posts 2008-03-03
- Building Trust Through Ethical Sales Behavior
- Effective selling requires more than an ability to communicate a product's features or benefits. Sales representatives must also develop quality relationships with their customers. Regardless of a company's reputation, customers choose to do business with people they trust. Sales representatives have to earn that trust by behaving ethically and conveying...
- Articles 2007-11-15
- NCE Diversified Income Trust Invests $13.7 Million in 10 Energy and Real Estate Trusts
- TORONTO--BUSINESS WIRE--March 31, 1997--John F. Driscoll, President of NCE Resources Group, (TSE,ME:NCE.UN.) announced today that NCE Diversified Income Trust (the "Trust") has invested 10 trusts to date. Trusts purchased The Trust has added the following investments to its portfolio: -0-ARC Energy Trust ARC Energy...
- Research articles 1997-03-31
- Hershey Trust Head's Quandary: a Kiss For Cadbury?
- By Clare BaldwinHERSHEY, Pennsylvania (Reuters UK) - To LeRoy Zimmerman, the taste of chocolate will always mean Hershey's.But now the head of the charitable trust that controls the Hershey Company must contemplate a risk-everything deal that would tie its fate to the much larger British chocolatier Cadbury Plc CBRY."I was...
- News items 2009-11-25
- Bottom Line Trust
- Trust is so essential to business that it's easy to overlook its role in helping companies succeed, especially with regard to the personal trust between individual employees and individual managers. An in-depth article from Human Resource Executive gives some practical tips for managers in the constant effort to build trust,...
- Blog posts 2007-05-01
- Corporate Governance Guidelines: Federal Realty Investment Trust
- The Board of Trustees has been elected by the shareholders of Federal Realty Investment Trust to provide effective oversight of the affairs of the Trust for the benefit of those shareholders. The primary responsibilities of the Board are: a overseeing the management of the Trust, including, without limitation, evaluating...
- White papers 2003-02-12
- Japanese bank merger talks spark rumours over FRC's role.(Financial Reconstruction Commission behind the merger of Chuo Trust and Mitsui Trust)
- The Financial Reconstruction Commission FRC is reportedly to be behind the mergers between several Japanese banks. Among these are Chuo Trust with Mitsui Trust, Sanwa Bank with Toyo Trust and Daiwa Bank with Sumitomo Trust. The FRC is pushing for the meThe Financial Reconstruction Commission FRC is reportedly to be...
- Research articles 1999-02-01
- USA: MOODY'S ASSIGNS A1 RATING TO THE ENHANCED TRUST PREFERRED SECURITIES OF FIFTH THIRD CAPITAL TRUST VII.
- Moody's Investors Service has assigned an A1 rating to the $350 million enhanced Trust Preferred Securities the Securities issued by Fifth Third Capital Trust VII the Trust, a Delaware statutory trust created for the purpose of issuing securities Moody's Investors Service has assigned an A1 rating...
- Research articles 2008-05-04
- Sumitomo Trust, UFJ Trust to Merge into Biggest Trust Bank in Japan.
- Kyodo News International, Tokyo Knight Ridder/Tribune Business News May 21--TOKYO -- Sumitomo Trust & Banking Co. and UFJ Trust Bank said Friday they have agreed to integrate operations in a deal to create the biggest trust bank in Japan, eclipsing Mitsubishi Trust and...
- Research articles 2004-05-21
- Do Your Customers Trust Your Brand?
- This article defines trust in a marketing context. It briefly discusses the benefits of building trust with the customers. In addition, it covers ways in which one can build the kind of trust that may help propel the business. Trust is defined as a firm belief or confidence in the...
- White papers 2001-12-11
- Regulating Trust Business in Bermuda.
- Companies who have been in the business of trust services in Bermuda have been regulated for over a decade. The Trust Companies Act 1991 (the "Trust Companies Act") provided that a trust company which was offering its services to the public had to be lice ...
- Research articles 2003-04-02
- An Historical Look At Lloyd's U.S. Trust Funds
- Although historically Lloyd's had only one trust fund located in the United States to handle all its dollar-denominated premiums, six trust funds now reside in New York City. The original Lloyd's trust fund, the Lloyd's American Trust Fund, was establAlthough historically Lloyd's had only one trust...
- Research articles 1998-07-20
- Conditional Redemption of Corporate Backed Trust Certificates, Altria Debenture-Backed Series 2003-8 Trust CLASS A-1 CERTIFICATES (CUSIP*: 21988G254; NYSE: JZY) CLASS A-2 CERTIFICATES (CUSIP*: 21988GCM6)
- U.S. Bank Trust National Association, as Trustee, under the Standard Terms for Trust Agreements dated as of January 16, 2001, as supplemented by the Series Supplement, Altria Debenture-Backed Series 2003-8 Trust, dated as of March 27, 2003 (the "Trust Agreement") in respect of the Corporate Backed Trust Certificates, Altria Debenture-Backed...
- Research articles 2008-02-07
- Partners Balanced Trust Announces Special Meeting of Shareholders
- NEW YORK -- The Board of Trustees of Partners Balanced Trust (the "Trust"), upon the recommendation of the Trust's investment advisor, unanimously determined that it would be in the best interests of the Trust and the Trust's shareholders to liquidate and dissolve the Trust. The Trust has had less than...
- Research articles 2005-07-22
- Live Webcast: Trust and the 21st Century Workplace
- The increased flexibility and productivity enabled by today's virtual office tools benefit employees and businesses alike. Unfortunately, many managers still find it difficult to trust that their employees will achieve results when working outside the company's bricks and mortar. The challenge, then, is how do you build an organization of...
- Webcasts 2009-05-21
- Savings Institute Bank & Trust Company Agrees to Buy Two Trust Services Businesses
- WILLIMANTIC, Conn. -- SI Financial Group, Inc. (the "Company") (NASDAQ: SIFI), holding company of Savings Institute Bank & Trust Company ("SIBT"), today announced that SIBT has signed an agreement to acquire certain assets of two trust services businesses, Private Trust Services and Bank Trust Services ("CT Trust Services"), from the...
- Research articles 2005-11-02
- Fitch Expects to Rate Fifth Third Capital Trust IV Trust Preferred Securities 'A+'
- NEW YORK -- Fitch Ratings expects to assign an 'A+' rating to the trust preferred securities to be issued by Fifth Third Capital Trust IV, a Delaware statutory trust. The exact amount of the issuance has yet to be determined. The trust will invest the proceeds of the Trust Preferred...
- Research articles 2007-03-26
