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trust fund
(redirected from trust funds)

    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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But it is not just about what the Government can contribute, I hope the trust funds will encourage family and friends to invest in the future of Welsh children.
We'll give kids extra pounds 50 each; Trust fund boost announced by Daily Post (Liverpool, England)
Shadow Chancellor George Osborne described the scheme as a luxury saying, "Quite frankly, child trust funds have not been as successful as many like myself hoped.
Child Trust Fund Policy ? the Different Between the 3 Parties by Andrew Marshall / Banking, finance and accounting community
The new research was unveiled as the Government announced that from yesterday the first parents to open Child Trust Funds will get a second pounds 250 boost to their accounts.
Kids should spend fund on education by Huddersfield Daily Examiner (Huddersfield, England)
 
 
 
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