relatively small amounts of grant funds that banks may use for preparation of projects
A fund, designated as a trust fund by law, that is credited with income from earmarked collections and charged with certain outlays Collections may come from the public (for example, from taxes or user charges) or from intrabudgetary transfers The federal government has more than 150 trust funds The largest and best known finance major benefit programs (including Social Security and Medicare) and infrastructure spending (the Highway and the Airport and Airway Trust Funds) See federal funds [Back to top]
A fund set up under the Comprehensive Environmental Response, Compensation and Liability Act (CERCLA) to help pay for cleanup of hazardous waste sites and for legal action to force those responsible for the sites to clean them up
Property held in trust This term originally applied only to money held in trust, but is frequently used when referring to all property held in trust
A fund consisting of resources received and held by the governmental unit as trustee, to be expended or invested in accordance with the conditions of the trust
Technically, only money held in the trust; but frequently applied to all the property held in the trust
money held on behalf of investors or depositors, to be used at the discretion of the trustee in their interest
A state account established by law from which dollars are used to fund specific services authorized by law
A fund in which the assets are managed by a trustee or a board of trustees for the benefit of another party or parties Although trust funds were used for funding defined benefit plans many years prior to the enactment of ERISA, under ERISA pension plan assets are required to be held in trust if an insurance contract is not in force
A fund consisting of resources received and held by an entity as trustee to be expended or invested in accordance with the conditions of the trust
A Fund whose assets are managed by a trustee or a board of trustees for the benefit of another party or parties Restrictions as to what the trustee may invest the assets of the trust fund in are usually found in the trust instrument and in applicable state and federal laws In the case of ERISA-controlled employee benefit plan trust funds, there are specific requirements that should be referred to
A trust fund is an amount of money or property that someone owns, usually after inheriting it, but which is kept and invested for them. Property, especially money and securities, held or settled in trust. money belonging to someone that is controlled for them by a trustee. Property (e.g, money or securities) held in a trust; that is, property held legally by one party (the legal owner) for the benefit of another party (the equitable owner). The legal owner, or trustee, has the right of possession and the right of use of the property, but must exercise those rights to the benefit of the equitable owner, or beneficiary. In Anglo-American law, trust funds are set up principally for family settlements and for charitable giving. In the commercial sector, trust funds are often set up to provide for employee pensions and profit-sharing programs
A fund whose assets are managed by a trustee or a board of trustees for the benefit of another party or parties The fund is governed by applicable State and federal law and the instrument establishing the trust