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trust fund

American  

noun

  1. money, securities, property, etc., held in trust.

  2. a government fund administered separately from other funds and used for a specified purpose.

    a highway trust fund.


trust fund British  

noun

  1. money, securities, etc, held in trust

"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

Etymology

Origin of trust fund

First recorded in 1860–65