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Definition of the noun active trust
What does active trust mean as a name of something?
- a trust in which the trustee must perform certain duties
Printed dictionaries and other books with definitions for Active Trust
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A Dictionary of Taxation (2012)
by Simon R. James
active trust 5 accumulated earnings tax US tax on accumulated taxable income of a corporation. ACE 1. adjusted current earnings. 2. allowancefor corporate equity . acqua vitae from the Latin, meaning water of life, the term was used for the ...
by Steven H. Gifis
ACTIVE TRUST a trust in which the trustee has affirmative duties to perform, requiring the exercise of sound personal discretion. Compare PASSIVE TRUST ( below). BANK TRUST see TOTTEN TRUST (below). BREACH OF TRUST see ...
by John Goldsworth
Active trust Acquis communautaire: Also known as the 'community acquis', or the ' EU acquis': this is the whole body of European Community law comprising the treaty, regulations, directives, decisions and judicial opinions. Act of God: More ...
A Dictionary of Law (2009)
by Elizabeth A. Martin
A trust under which the trustee isunderno obligation except toholdthe trust propertyin trust for an adultbeneficiary who is * sui juris and to deal with the trust property only as instructed by the beneficiary (Compare ACTIVE TRUST ).
by J. Rostron, Robert Hardy-Pickering, Laura Tatham, Linda Wright
active trust A trust ...
The Pocket Law Lexicon (1905)
Explaining Technical Words, Phrases, and Maxims of the English, Scotch, and Roman Law, to which is Added a Complete List of Law Reports, with Their Abbreviations
Active trust, one which has a duty connected with it, as opposed to a passive trust. See Bare. Actor, a term borrowed from the Roman law to signify the person who has the active claim in a judicial proceeding ...
by Charles Erehart Chadman
A deed creating an active trust. In some states used as the equivalent of a mortgage deed. Tutels legitima. Tutelage or guardianship created by law. guardianship created by will. A teacher; a species of guardian. TRE—TUT 835 ...
by Robert L. Heath
a defining property of human ontological security, on which three other forms of trust depend: elementary or interpersonal, abstract or impersonal, and active trust—with each having its own evaluative mechanism that differentiates ...
by Merriam-Webster, Inc
which legal and equitable titles are merged in the beneficiaries — called also dry trust, naked trust; compare ACTIVE TRUST in this entry pour-over trust : a trust that receives the assets that make up its principal by operation of a testamentary ...
by David Shephard Garland, James Cockcroft, Lucius Polk McGehee, Charles Porterfield
A ACTIVE TRUST. (See also the title T RUSTS AND TRUSTEES.)—-Trusts are divided into two kinds: simple or passive, and active or special. In the former the trustee is passive and performs no duties, and the trust is therefore purely technical ...
Active trust, a confidence connected with a duty. See BARE TRUSTEE. Active use, formerly a use leaving the legal estate in the feoffee to uses, q.v. Activities, means any service provided by an outside worker in a controlled area for which the ...
by Charles Fillmore
A firm, active trust in God, which is an encouragement and protection to the individual and is the forerunner of salvation (strong, vigorous, father of Isaiah—salvation of Jehovah, or God saves).
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