One of the mysteries of the English language finally explained.
A fund consisting of assets belonging to a trust, held by the trustees for the beneficiaries.
- ‘The two countries have now launched a trust fund to elicit funds from the public to preserve the continent's heritage.’
- ‘Both funding and portfolio diversification can be done in a trust fund or an individual account.’
- ‘If there were a trust fund, a portion of the trust fund would have been applied to these overhead expenses.’
- ‘Another option is to start saving in a unit trust fund of your choice.’
- ‘He should consider creating a trust fund that would be owned by his employees.’
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