PASSIVE TRUST

Pronunciation (US):

(GB):

 I. (noun) 

Sense 1

Meaning:

A trust in which the trustee performs no active duties

Classified under:

Nouns denoting possession and transfer of possession

Hypernyms ("passive trust" is a kind of...):

trust (something (as property) held by one party (the trustee) for the benefit of another (the beneficiary))

Antonym:

active trust (a trust in which the trustee must perform certain duties)

Credits