Definition

1. Noun:
   • A fund held in trust: A sum of money or other assets that are legally held and managed by one party (the trustee) for the benefit of another party (the beneficiary).

Usage

• A trust fund is a legal and financial arrangement. It is typically created to provide financial security for a beneficiary, such as a child or grandchild. The assets in the fund are controlled according to the rules set out when the trust was established.

Examples

• Noun:
  • Her grandparents set up a trust fund to pay for her college education.
  • The money from the inheritance was placed into a trust fund for the children until they turn 25.
  • He is the beneficiary of a large trust fund established by his parents.

Advanced Usage

• "to have a trust fund": To be the beneficiary of such a fund.
  • It's rumored that she doesn't need to work because she has a trust fund.
• "trust fund baby" (idiomatic/informal): A person, often perceived as privileged, whose wealth comes from a trust fund.
  • The article criticized the politician as an out-of-touch trust fund baby.

Variants and Related Words

• Trust (n): The legal entity or relationship in which property is held by one party for the benefit of another.
  • The assets are managed under a family trust.
• Trustee (n): The individual or institution that holds and manages the assets in a trust fund.
  • The bank acts as the trustee for the fund.
• Beneficiary (n): The person who receives the benefits from the trust fund.
  • She is the sole beneficiary named in the document.

Synonyms

• Endowment: A fund or property donated to an institution as a source of income (similar in concept but often for institutions, not individuals).
• Estate: All the money and property owned by a person at death (a trust fund can be part of an estate plan).

Related Phrases

• "To set up a trust fund": To legally establish a trust fund.
  • They decided to set up a trust fund for their newborn's future.
• "Funds from a trust": Money distributed from a trust fund.
  • She used the funds from her trust to start a business.

Noun

1. a fund held in trust