land trust

Land Trust

1. A trust in which a grantor deposits one or more pieces of real estate. A trustee is given the right to manage the real estate. All profits or other gains are given to a beneficiary chosen by the grantor.

2. A government or private nonprofit organization responsible for managing and conserving real estate, especially undeveloped or unspoiled land. Such trusts exist to prevent environmental degradation of the land.

land trust

A trust in which land is the only asset. See trust.

单词	land trust
释义	land trust Land Trust 1. A trust in which a grantor deposits one or more pieces of real estate. A trustee is given the right to manage the real estate. All profits or other gains are given to a beneficiary chosen by the grantor. 2. A government or private nonprofit organization responsible for managing and conserving real estate, especially undeveloped or unspoiled land. Such trusts exist to prevent environmental degradation of the land. land trust A trust in which land is the only asset. See trust.
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