| 单词 | passive trust |
| 释义 | > as lemmaspassive trust passive trust n. Law a nominal trust; a trust on which the trustees have no duty to perform. ΘΚΠ society > law > transfer of property > settlement of property > [noun] > putting property into trust > type of trust resulting trust1693 shifting use1765 passive trust1837 living trust1913 blind trust1969 1837 W. Hayes Conveyancing (ed. 3) 83 The right of the wife of a sole owner of the legal inheritance to be endowed of one-third of the land at his death, also gave occasion..to passive trusts. 1930 Jrnl. Business Univ. Chicago 3 439 Another activity, the underwriting of new financing for companies in which it is interested, is shared by a few of the ‘passive’ trusts in this country and by a great many in England. 2002 Associated Press (Nexis) 22 Nov. One provision of the measure creates a passive trust status option which gives Native American land owners more opportunities to give their land to descendents. < as lemmas |
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