| Definition/Meaning | Word/Phrase |
|---|---|
| trust that enables a person to avoid possible conflict of interest by transferring assets to a fiduciary; the person establishing the trust gives up the right to information about the assets | blind trust |
| legal duty of a fiduciary to act in the best interests of the beneficiary | fiduciary duty |
| organization (usually with a commercial bank) that is engaged as a trustee or fiduciary or agent in handling trust funds or estates of custodial arrangements or stock transfers or related services | trust company , trust corporation |