business trust
business trust see trust

Merriam-Webster’s Dictionary of Law. . 1996.

business trust
An unincorporated business organization created by a legal document, a declaration of trust, and used in place of a corporation or partnership for the transaction of various kinds of business with limited liability.

Dictionary from West's Encyclopedia of American Law. 2005.


business trust
An unincorporated business organization created by a legal document, a declaration of trust, and used in place of a corporation or partnership for the transaction of various kinds of business with limited liability.

Short Dictionary of (mostly American) Legal Terms and Abbreviations.

Look at other dictionaries:

  • business trust — ➔ trust * * * business trust UK US noun [C] ► US LAW, FINANCE a legal arrangement in which a person or organization controls property, investments, etc., for another person or business: »Houses can be purchased in the name of a business trust to… …   Financial and business terms

  • business trust — Otherwise known as a Massachusetts trust or common law trust. A form of business organization consisting essentially of an arrangement whereby property is conveyed to trustees, in accordance with the terms of an instrument of trust, to be held… …   Ballentine's law dictionary

  • business trust — noun : massachusetts trust …   Useful english dictionary

  • Massachusetts business trust — Companies law Company  …   Wikipedia

  • Draper Holdings Business Trust — The Draper Holdings Business Trust is a business trust company, located in Milton, Delaware. The philanthropic division of the trust, Draper Holdings Charitable Foundation, Inc., includes WBOC s Bless Our Children program which raised and… …   Wikipedia

  • Young Americas Business Trust — The Young Americas Business Trust (YABT), is a non profit organization established in 1999 as an outreach effort of the Organization of American States (OAS). The YABT was founded to promote entrepreneurship for young people in the Americas by… …   Wikipedia

  • trust — n 1 a: a fiduciary relationship in which one party holds legal title to another s property for the benefit of a party who holds equitable title to the property b: an entity resulting from the establishment of such a relationship see also… …   Law dictionary

  • Trust — may refer to:* Trust (social sciences), a relationship of reliance. ** Trust Fall, a trust building game.In law: * Trust law, where money or property is owned and managed on behalf of another * Escrow, where a thing is held in trust until… …   Wikipedia

  • business — I (affair) noun activity, concern, duty, interest, matter, mission, proceeding, proposition, responsibility, task, undertaking foreign phrases: Allena negotia exacto officio geruntur. The business of another is to be carried out with particular… …   Law dictionary

  • trust — A legal entity created by a grantor for the benefit of designated beneficiaries under the laws of the state and the valid trust instrument. The trustee holds a fiduciary responsibility to manage the trust s corpus assets and income for the… …   Black's law dictionary

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