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trust

definition

An arrangement in which the stock of several companies is controlled by a single entity. When the companies compete in the same industry and together constitute a significant share of that market, the trust can exercise monopoly power. Such arrangements are illegal in most industrialized countries, subject to competition policies or anti-trust policy.

Related Terms

 • fiduciary  • quid pro quo  • board  • trust deed  • trustee  • charitable trust  • inter vivos trust  • unit investment trust (UIT)
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