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honorary trust. In DICTIOUS you will not only get to know all the dictionary meanings for the word
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English
Noun
honorary trust (plural honorary trusts)
- (law) A device by which a person establishes a trust for which there is neither a charitable purpose, nor a private beneficiary to enforce the trust (such as a trust for the care of pets or maintenance of cemetery plots), for which trustee is bound by honor, but not by law, to carry out the wishes of the trustor.