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{%type%} Definitions

WordNet 3.0Copyright Princeton University
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Short "hint"

(law) a person who creates a trust by giving real or personal property in trust to a trustee for the benefit of a beneficiary; a person who gives such property is said to settle it on the trustee.

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Usage examples (37)
  • Because a testator or the settlor of a trust is not a state actor, there are no constitutional dimensions to his choice of beneficiaries.
  • However, as the settlor no longer owned the asset, who did?
  • Often the settlor may wish to 'carve out' an interest in the asset.
  • Meantime more fascinating information emerges on the trustees and settlor.
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The Open Dictionary of English is a collaborative project, based on Open Source materials, LearnThat resources, and partner APIs.
We give special thanks to our LearnThat volunteers, as well as Princeton University and Wiktionary for their Open Source word data. We're also grateful for the support given by Google, Wordnik.com, Dictionary.com, Stands4.com and YouTube, OEDILF.com, Kylescholz.com, Best-Practice.com, Forvo.com, as well as the generous Creative Commons community.