FINANCE,LAWalegalarrangementin which you give apersonororganizationtherighttomanageyourmoneyfor thepersonorgroupofpeoplethat you havechosentoreceivethemoney:create/set up a private trustWe canadviseyou on thebenefitsofcreatingaprivatetrusttoprotectyourfamily'swealthfor the nextgeneration.Comparepublic trust(Definition ofprivate trustfrom theCambridge Business English Dictionary? Cambridge University Press)
Examplesofprivate trust
private trustSomewhat unusually the land was not given to the church, but was placed into aprivatetrust.FromWikipediaThis example is from Wikipedia and may be reused under a CC BY-SA license.There is noprivatetrustor trust for charitable purposes or other trust to hinder the process.FromWikipediaThis example is from Wikipedia and may be reused under a CC BY-SA license.The school is run by aprivatetrust.FromWikipediaThis example is from Wikipedia and may be reused under a CC BY-SA license.The company is still owned by aprivatetrustand shares are not traded on any stock exchange.FromWikipediaThis example is from Wikipedia and may be reused under a CC BY-SA license.To form a statutory trust, aprivatetrustagreement must be developed by all involved parties to ensure that individual interests are protected.FromWikipediaThis example is from Wikipedia and may be reused under a CC BY-SA license.A common feature of trusts in all common law jurisdictions is that they may be run either by family members (aprivatetrust) or by trustees appointed by the court.FromWikipediaThis example is from Wikipedia and may be reused under a CC BY-SA license.For procuring assistance from the state, organizers had to register camps under the name of aprivatetrust.From theCambridge English CorpusThese figures do not include cases ofprivatetrustdeeds for behoof of creditors, of which there are no official statistics.From theHansard archiveExample from the Hansard archive. Contains Parliamentary information licensed under theOpen Parliament Licence v3.0There are beneficiaries, in exactly the same way as in aprivatetrust, who can call the trustees to account.From theHansard archiveExample from the Hansard archive. Contains Parliamentary information licensed under theOpen Parliament Licence v3.0There is an important distinction between a charitable trust for the public benefit and aprivatetrustfor individual benefit.From theHansard archiveExample from the Hansard archive. Contains Parliamentary information licensed under theOpen Parliament Licence v3.0These examples are from corpora and from sources on the web. Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors.#https://dictionary.cambridge.org//dictionary/english/private-trust##
