Noun
(law) Property held by a trustee in a trust established by a grantor for a beneficiary.
Loosely, a substantial inheritance of money.
Source: en.wiktionary.orgAccording to the latest estimate by the Medicare trustees (2011), the trust fund is expected to become insolvent in 13 years (2024), at which time available revenue will cover 90 percent of annual projected costs. Source: Internet
Also, he disclosed that the company has been donating PPEs to residents and has contributed a whooping Ghc 300,000 to the National Covid-19 Trust Fund established by President Nana Akufo-Addo. Source: Internet
A Million Little Things, 13 Reasons Why) Maisie is an entrepreneur with a fat trust fund and a new business idea every week, the most recent of which impedes Shawn and Gus’ investigational plans. Source: Internet
"Albee spent the 1950s living in Greenwich Village in a number of apartments and working a variety of odd jobs (for example, a telegram delivery person) to supplement his monthly stipend from a trust fund left for him by his paternal grandmother." Source: Internet
But he picked up on the mystery of why the billionaire wrote a new will two days before he died, leaving £425million to a trust fund in the Virgin Islands. Source: Internet
An initial donation of GHC 200,000 has already been made to the Covid-19 National Trust Fund at the Jubilee House, the seat of Ghana’s presidency in Accra. Source: Internet