Honorary-trust Definition

noun

(law) A device by which a person establishes a trust for which there is neither a charitable purpose, nor a private beneficiary to enforce the trust (such as a trust for the care of pets or maintenance of cemetery plots), for which trustee is bound by honor, but not by law, to carry out the wishes of the trustor.

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Other Word Forms of Honorary-trust

Noun

Singular:
honorary-trust
Plural:
honorary-trusts

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honorary-trust