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private trust

American  

noun

  1. a trust designed for the benefit of a designated or known individual (opposed to charitable trust).


Example Sentences

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The funds, raised by a private trust, includes $24m for a housing fund and $60m for a cultural preservation fund focused on "reducing blight".

From BBC Jun. 2, 2025

Last year, BlackRock launched a spot bitcoin private trust for institutional clients in the United States.

From Reuters Jun. 16, 2023

“Keep it in the family,” Frontier Administrative Services in Jackson posted on its website, which noted that it serves dozens of private trust companies.

From Seattle Times Dec. 20, 2021

The purchase, according to a civil forfeiture complaint, was made via private trust.

From Washington Post Dec. 6, 2021

Where private trust estates become the cause of disputes and quarrels, between trustees and beneficiaries, the parties thereto may relieve themselves by handing over their burden to the public office.

From The Long White Cloud by William Pember Reeves

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