trusts
n. countablen. legal arrangements where one person or group holds and manages money or property for someone else. You often see these used by families to protect their wealth for future generations.
n. legal arrangements in which a person or organization (the trustee) holds and manages assets for the benefit of another party (the beneficiary). Often used in estate planning and corporate finance to manage wealth or minimize tax liabilities.
The family set up several trusts to pay for the children's education.
The wealthy philanthropist established several charitable trusts to ensure her donations would continue long after her death.
The legal dispute centered on whether the assets held in offshore trusts were subject to domestic taxation or if they remained protected by the original deed.
Often used in the plural when referring to multiple legal entities or broad financial structures.