PURPOSE TRUST


Meaning of PURPOSE TRUST in English

A trust created for an expressed purpose without any individually ascertained or ascertainable beneficiaries. A purpose trust is typically used in circumstances where the trust would not be exclusively charitable, but, wholly philanthropic.

UNODC Money-Laundering terms English dictionary.      Английский словарь терминов управления ООН по отмыванию денег, преступности и наркотикам.