honorary trust

English - English

Definition of honorary trust in English English dictionary

A device by which a person establishes a trust for which there is neither a charitable purpose, nor a private beneficiary to enforce the trust (such as a trust for the care of pets or maintenance of cemetery plots), for which trustee is bound by honor, but not by law, to carry out the wishes of the trustor

Related Terms

honorary trusts

plural form of honorary trust

Hyphenation

hon·or·a·ry trust

Turkish pronunciation

änıreri trʌst

Pronunciation

/ˈänərˌerē ˈtrəst/ /ˈɑːnɜrˌɛriː ˈtrʌst/