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passive trust

 

Definitions from WordNet

Noun passive trust has 1 sense
  1. passive trust - a trust in which the trustee performs no active duties
    --1 is a kind of
    trust
    Antonyms: active trust

Definitions from the Web

Term: Passive Trust


Part of Speech: Noun


Sense 1: A legal arrangement where a trustee holds the title to assets and manages them on behalf of the beneficiaries.

Sample Sentence: The wealthy businessman set up a passive trust to ensure that his children would be taken care of financially.


Sense 2: A trusting attitude or belief in someone or something without active involvement or direct control.

Sample Sentence: She had a passive trust in her sister's ability to handle their shared responsibilities effectively.


Related Products on Amazon:

- Trust Law Books

- Beneficiary Planning Resources

- Financial Management Guides

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