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The Rockefeller-Morgan Family Tree (1904), which depicts how the largest trusts at the turn of the 20th century were in turn connected to each other. A trust or corporate trust is a large grouping of business interests with significant market power, which may be embodied as a corporation or as a group of corporations that cooperate with one another in various ways.
Trust metric, a measurement of the degree to which group members trust each other, as in online networking Trusted system , a computerized system relied on to enforce a security policy Web of trust , a system used in cryptography to establish authenticity
Irrevocable trust: In contrast to a revocable trust, an irrevocable trust is one in which the terms of the trust cannot be amended or revised until the terms or purposes of the trust have been completed. Although in rare cases, a court may change the terms of the trust due to unexpected changes in circumstances that make the trust uneconomical ...
Trust is the belief that another person will do what is expected. It brings with it a willingness for one party (the trustor) to become vulnerable to another party (the trustee), on the presumption that the trustee will act in ways that benefit the trustor.
Trust can be recognized as the strategy of dealing with uncertainty. Distrust culture is based on cynicism, disorder, corruption, exploiting others, deceiving, great care. In order to function in distrust culture there are implemented various formal legal remedies. Trust has focal meaning for the success of every transaction.
People's wills and testaments, like William Shakespeare's will here, often present difficulties in trust law where the meaning of what is intended is not completely clear. The House of Lords, however, has said a trust should only fail if its meaning is "utterly impossible" to deduce. [34]
One possible legal summary of a position of trust is a paid or volunteer position with one or more of the following responsibilities: access to vulnerable populations, property access, financial/fiduciary duty or executive positions. [1] According to one common definition, it is any position that has responsibility for "cash, keys, or kids ...
The word translated as "faith" in English-language editions of the New Testament, the Greek word πίστις (pístis), can also be translated as "belief", "faithfulness", or "trust". [13] Faith can also be translated from the Greek verb πιστεύω (pisteuo), meaning "to trust, to have confidence, faithfulness, to be reliable, to assure". [14]