honorary trust
A device by which a person establishes a trust for which there is neither a charitable…A device by which a person establishes a trust for which there is neither a charitable purpose, nor a private beneficiary to enforce the trust (such as a trust for the care of pets or maintenance of cemetery plots), for which trustee is bound by honor, but not by law, to carry out the wishes of the trustor.
Meaning
1 sensesA device by which a person establishes a trust for which there is neither a charitable purpose, nor a private beneficiary to enforce the trust (such as a trust for the care of pets or maintenance of cemetery plots), for which trustee is bound by honor, but not by law, to carry out the wishes of the trustor.
Forms
plural: honorary trusts| Singular | honorary trust |
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| Plural | honorary trusts |
regular
See also
neighbours in the dictionaryDictionary text adapted from Wiktionary (Wiktionary contributors, CC BY-SA 4.0) and Open English WordNet / Princeton WordNet (CC BY 4.0, WordNet License); shared under CC BY-SA 4.0. Example sentences and recordings are credited where they appear.