What is the Definition of Trust?



Definition: A borrowing entity structured wherein a fiduciary relationship whereby legal title to a property is transferred to a trustee with the intention that such property be administered by the trustee for the benefit of another, the beneficiary, who holds equitable title to such property.

Pages that Mention Trust

USDA Rural Rental Housing Loans

The rural rental housing loans program is made to individuals, trusts, associations, partnerships, limited partnerships, State or local public agencies, consumer cooperatives, and NPOs.

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