HyperDic: passive_trust

English > 1 sense of the expression passive trust:
NOUNpossessionpassive trusta trust in which the trustee performs no active duties
English > passive trust: 1 sense > noun 1, possession
MeaningA trust in which the trustee performs no active duties.
BroadertrustSomething (as property) held by one party (the trustee) for the benefit of another (the beneficiary)
Oppositeactive trustA trust in which the trustee must perform certain duties

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