HONORARY TRUST


Meaning of HONORARY TRUST in English

noun

: a transfer of property for a designated noncharitable purpose that empowers the transferee to apply the property to the designated purpose or else to surrender it to the one making the transfer or to his estate and that is not enforceable as a trust because it does not benefit a specific ascertainable existing person

Webster's New International English Dictionary.      Новый международный словарь английского языка Webster.