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trust fund

   Also found in: Dictionary/thesaurus, Medical, Legal, Financial, Wikipedia 0.01 sec.

trust fund

Property (e.g, money or securities) held in a trust; that is, property held legally by one party (the legal owner) for the benefit of another party (the equitable owner). The legal owner, or trustee, has the right of possession and the right of use of the property, but must exercise those rights to the benefit of the equitable owner, or beneficiary. In Anglo-American law, trust funds are set up principally for family settlements and for charitable giving. In the commercial sector, trust funds are often set up to provide for employee pensions and profit-sharing programs.



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Social justice minister Dr Brian Gibbons announced the premium for children born between September 1, 2002 and August 31, 2004 who already have a Child Trust Fund account.
The worth of the Child Trust Fund is a subject that has been much debated since its inception in 2002.
Amongst the Party's plans is to cut the Child Trust Fund by two thirds.
 
 
 
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