1 A fund managed by a group of trustees for the benefit of others. 2 The US federal government fund which receives the revenue from a particular tax in order to finance a particular welfare payment. The best known is the OLD AGE, SURVIVORS, DISABILITY...

In common law legal systems, a trust is an arrangement whereby money or property is managed by one person (or persons, or organizations) for the benefit of another but is owned by the 'Trust'. A trust is created by a settlor, who entrusts some or all of...