ABSTRACT OF TRUST
\ˈabstɹakt ɒv tɹˈʌst], \ˈabstɹakt ɒv tɹˈʌst], \ˈa_b_s_t_ɹ_a_k_t ɒ_v t_ɹ_ˈʌ_s_t]\
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A condensed version of a living trust document, which leaves out details of what is in the trust and the identity of the beneficiaries. You can show an abstract of trust to a financial organization or other institution to prove that you have established a valid living trust, without revealing specifics that you want to keep private. In some states, this document is called a "certification of trust."
By Oddity Software
Word of the day
- The act of turning a ship round in light breeze, when close hauled.