Massachusetts Trust

Massachusetts Trust definition - business

Massachusetts Trust

A business entity similar to a corporation or limited partnership where investors contribute money or investment assets to a trust and give management authority to a trustee. Individual investors are liable only for the assets held by the trust.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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