/dɪˈrɛkt trʌst/ – Phrase
Definition: sở hữu tín thác được thiết lập rõ ràng.
A more thorough explanation: A direct trust is a legal arrangement in which a person (the trustor or settlor) transfers property or assets to another person or entity (the trustee) to hold and manage for the benefit of a specified beneficiary. The trustee has a fiduciary duty to manage the trust property in accordance with the terms of the trust agreement and for the benefit of the beneficiary. The beneficiary has a direct interest in the trust property and is entitled to receive the benefits or income generated by the trust assets.
Example: In a direct trust, the settlor transfers assets directly to the trustee for the benefit of the beneficiaries, without the need for any intermediary parties.