Definition
Trust under which a trustee (called 'naked trustee' or 'simple trustee') only conveys the trust's assets to the beneficiary (according to trust's provisions) and has no other duty under the trust. Also called naked trust or simple trust. See also active trust.
Related Articles
- Bond Mutual Funds *
- Currency and Precious Metals as Investments *
- Considerations While Choosing a Bank *
- What Is a Capital Gain and What Does It Mean For My Taxes? *
- Less Popular Types of Bonds *
- Explanation of the Balance Sheet *
- How to Budget for Post-Secondary Education *
- What is a Sole Proprietorship? *
Related Videos
http://www.businessdictionary.com/definition/bare-trust.html
