/sɪmpəl trʌst/ – Phrase
Definition: sở hữu tín thác giản đơn (được thiết lập nhưng không xác định rõ tính chất của nó).
A more thorough explanation: A simple trust is a type of trust in which the trustee’s only duty is to distribute the trust’s income and/or assets to the beneficiaries according to the terms of the trust agreement. The trustee has no discretion in managing the trust assets or making decisions regarding distributions.
Example: In a simple trust, the trustee holds and manages assets for the benefit of the beneficiaries according to the terms of the trust agreement.