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TrustAn arrangement which empowers one or more people (the trustees) to safeguard and administer the assets such as property and money of another person or people (the beneficiaries).TrustA fiduciary relationship calling for a trustee to hold the title to assets for the benefit of the beneficiary. The person creating the trust, who may or may not also be the beneficiary, is called the grantor.Trust Similar MatchesTrusteeTrusteeAgent of a bond issuer who handles the administrative aspects of a loan and ensures that the borrower complies with the terms of the bond indenture. Unit trustUnit trustUnit trusts are collective funds which allow private investors to pool their money in a single fund, thus spreading their risk, getting the benefit of professional fund management, and reducing their dealing costs.Features of unit trusts:They are open-ended which means that the trust can issue new units in response to demand. This means that unit trusts trade at their net asset value - that is the value of their underlying assets divided by the number of units in issue. Contrast this with investment trusts, which are closed funds. Their share prices are affected by market forces and often trade at a substantial discount to net asset value.Different trusts have different investment objectives. Some invest for income, some for growth. Some invest in small companies, some in large. Some invest in the UK, some in other territories. As an investor you can choose the trust that matches your interest and objectives.Investment decisions are made by professional fund managers appointed by the trustees. These managers make annual charges.Every day the trustees compute the value of the trust, divide it by the number of units in issue, and produce a bid and offer price based on that calculation. Unfortunately, when you invest in a unit trust, you usually never know the price you will be charged for units until the next valuation point, typically midday the following day.Unit trusts are well suited to regular savers who want to drip-feed money into the market every month. With unit trusts, you can invest as little as £50 per month, averaging the acquisition cost of your shares over many months.Many unit trusts make an initial charge when you invest, and their management charges are deducted from fund income. Bank trust departmentBank trust departmentBank department that deals with estates, administers trusts, and provides services such as estate planning advice to its clients. Anti-trust policyAnti-trust policyU.S. term for competition policy. Trust deedTrust deedAgreement between trustee and borrower setting out terms of a bond. Further SuggestionsTrustee in bankruptcyDepository Trust Company Association of Investment Trust Companies Association of Unit Trusts and Investment Funds Equipment Trust Certificate Irrevocable trust Nondiscretionary trust Deed Of Trust Fixed trust Collateral trust bonds Resolution Trust Corporation (RTC) approved investment trust split capital investment trust Personal trust Revisionary trust real estate investment trust Inter vivos trust Unit trust guaranteed trust Unit investment trust D Declaration Of Trust Voting trust certificate bare trust Municipal Investment Trust (MIT) Term trust |
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