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public trust

noun

charitable trust

noun
1.
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
1855-1860
1855-60
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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British Dictionary definitions for public-trust

charitable trust

noun
1.
a trust set up for the benefit of a charity that complies with the regulations of the Charity Commissioners to enable it to be exempt from paying income tax
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition
© William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012
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12
17
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