/stætʃʊtəri trʌst/ – Phrase
Definition: Loại hình quỹ được quy định bởi luật.
A more thorough explanation: a way of holding property or other assets on behalf of someone else eg the child of a person who has died without leaving a will
Example: A statutory trust created following intestacy (=when a person dies without leaving a will) must fulfil certain criteria.