active trust

Englisch - Englisch

Definition von active trust im Englisch Englisch wörterbuch

a trust in which the trustee has affirmative duties to perform, requiring the exercise of sound personal discretion

One that imposes upon the trustee the duty of taking active measures in the execution of trust, such as where property is conveyed to the trustee with directions to sell and distribute the proceeds among creditors of the grantor (For contrast, see: dry trust )

A trust regarding which the trustee has some active duty to perform; opposed to bare, naked, or passive trust

a trust in which the trustee must perform certain duties

- A trust that imposes on the trustee the duty of being active in the execution of the trust and performing management and administrative duties

Silbentrennung

ac·tive trust

Türkische aussprache

äktîv trʌst

Aussprache

/ˈaktəv ˈtrəst/ /ˈæktɪv ˈtrʌst/