trust fund

trust fund

trust fund. The property held in a trust by a trustee; CORPUS(1). [Cases: Trusts 1. C.J.S. Trover and Conversion §§ 1–9, 14–18.] common trust fund. A trust fund set up within a trust department to combine the assets of numerous small trusts to achieve greater investment diversification. • Common trust funds are regulated by state

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