/dɪˈrɛktəri trʌst/ – Phrase
Definition: sở hữu tín thác được thiết lập cho mục đích chung và để thực hiện cần phải có những chỉ dẫn thêm.
A more thorough explanation: A directory trust is a legal entity created for the purpose of holding and managing assets on behalf of beneficiaries, typically established through a trust agreement. The trustee, who is appointed to manage the trust, has a fiduciary duty to act in the best interests of the beneficiaries and follow the terms outlined in the trust agreement.
Example: The attorney established a directory trust to manage the assets of the deceased client according to their wishes.