What does passive trust mean?
Definitions for passive trust
pas·sive trust
This dictionary definitions page includes all the possible meanings, example usage and translations of the word passive trust.
Princeton's WordNet
passive trustnoun
a trust in which the trustee performs no active duties
ChatGPT
passive trust
A passive trust, also known as a bare or simple trust, is a legal arrangement where one party, known as the trustee, holds and manages assets for the benefit of another party, known as the beneficiary. This trust, however, does not provide any specific instructions or duties for the trustee other than to hold and distribute the assets to the beneficiary, making their role largely passive.
Matched Categories
Numerology
Chaldean Numerology
The numerical value of passive trust in Chaldean Numerology is: 1
Pythagorean Numerology
The numerical value of passive trust in Pythagorean Numerology is: 9
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"passive trust." Definitions.net. STANDS4 LLC, 2023. Web. 3 Oct. 2023. <https://www.definitions.net/definition/passive+trust>.
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