ACTIVE TRUST

Pronunciation (US): (GB):

Meaning:

A trust in which the trustee must perform certain duties

Classified under:

Nouns denoting possession and transfer of possession

Hypernyms ("active trust" is a kind of...):

trust (something (as property) held by one party (the trustee) for the benefit of another (the beneficiary))

Antonym:

passive trust (a trust in which the trustee performs no active duties)