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charitable trust

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charitable trust

–noun
a trust designed for the benefit of the general public, as for educational or other charitable purposes (opposed to private trust ).
Also called public trust.


Origin:
1855–60
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2009.
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Legal Dictionary

Main Entry: charitable trust
see TRUST
Merriam-Webster's Dictionary of Law, © 1996 Merriam-Webster, Inc.
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