/trʌst/ – noun
Definition: 1. sự tin tưởng, sự tin cậy, sự tín nhiệm, tin cậy, tín nhiệm;
2. sở hữu tín thác, việc định đoạt tài sản theo nguyên tắc sở hữu tín thác; tài sản ủy thác;
3. tờ rớt.
A more thorough explanation: In legal terms, a trust is a legal arrangement in which one party (the trustor or settlor) transfers property to another party (the trustee) to hold and manage for the benefit of a third party (the beneficiary). The trustee has a fiduciary duty to manage the trust property in the best interests of the beneficiary according to the terms of the trust agreement. Trusts are commonly used for estate planning, asset protection, and charitable purposes.
Example: The settlor established a trust to manage and distribute the assets for the benefit of the beneficiaries.