資料來源 : Webster's Revised Unabridged Dictionary (1913)
Trust \Trust\, n.
1. 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.
2. 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.
資料來源 : WordNet®
passive trust
n : a trust in which the trustee performs no active duties [ant:
{active trust}]