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    trust deed
    [ noun ]
    a written instrument legally conveying property to a trustee often used to secure an obligation such as a mortgage or promissory note
    <noun.communication>


    Trust \Trust\, n. [OE. trust, trost, Icel. traust confidence,
    security; akin to Dan. & Sw. tr["o]st comfort, consolation,
    G. trost, Goth. trausti a convention, covenant, and E. true.
    See {True}, and cf. {Tryst}.]
    1. Assured resting of the mind on the integrity, veracity,
    justice, friendship, or other sound principle, of another
    person; confidence; reliance; reliance. ``O ever-failing
    trust in mortal strength!'' --Milton.

    Most take things upon trust. --Locke.

    2. Credit given; especially, delivery of property or
    merchandise in reliance upon future payment; exchange
    without immediate receipt of an equivalent; as, to sell or
    buy goods on trust.

    3. Assured anticipation; dependence upon something future or
    contingent, as if present or actual; hope; belief. ``Such
    trust have we through Christ.'' --2 Cor. iii. 4.

    His trust was with the Eternal to be deemed
    Equal in strength. --Milton.

    4. That which is committed or intrusted to one; something
    received in confidence; charge; deposit.

    5. The condition or obligation of one to whom anything is
    confided; responsible charge or office.

    [I] serve him truly that will put me in trust.
    --Shak.

    Reward them well, if they observe their trust.
    --Denham.

    6. That upon which confidence is reposed; ground of reliance;
    hope.

    O Lord God, thou art my trust from my youth. --Ps.
    lxxi. 5.

    7. (Law) An estate devised or granted in confidence that the
    devisee or grantee shall convey it, or dispose of the
    profits, at the will, or for the benefit, of another; an
    estate held for the use of another; a confidence
    respecting property reposed in one person, who is termed
    the trustee, for the benefit of another, who is called the
    cestui que trust.

    8. An equitable right or interest in property distinct from
    the legal ownership thereof; a use (as it existed before
    the Statute of Uses); also, a property interest held by
    one person for the benefit of another. Trusts are active,
    or special, express, implied, constructive, etc. In a

    {passive trust} the trustee simply has title to the trust
    property, while its control and management are in the
    beneficiary.
    [Webster 1913 Suppl.]

    9. A business organization or combination consisting of a
    number of firms or corporations operating, and often
    united, under an agreement creating a trust (in sense 1),
    esp. one formed mainly for the purpose of regulating the
    supply and price of commodities, etc.; often,
    opprobriously, a combination formed for the purpose of
    controlling or monopolizing a trade, industry, or
    business, by doing acts in restraint or trade; as, a sugar
    trust. A trust may take the form of a corporation or of a
    body of persons or corporations acting together by mutual
    arrangement, as under a contract or a so-called
    gentlemen's agreement. When it consists of corporations it
    may be effected by putting a majority of their stock
    either in the hands of a board of trustees (whence the
    name trust for the combination) or by transferring a
    majority to a holding company. The advantages of a trust
    are partly due to the economies made possible in carrying
    on a large business, as well as the doing away with
    competition. In the United States severe statutes against
    trusts have been passed by the Federal government and in
    many States, with elaborate statutory definitions.
    [Webster 1913 Suppl.]

    Syn: Confidence; belief; faith; hope; expectation.

    {Trust deed} (Law), a deed conveying property to a trustee,
    for some specific use.

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