business trust

Popular Terms
Commercial organization managed by appointed trustees (who hold the title to the business' property) for the benefit of one or more beneficiaries. A business trust is treated as a legal entity by the tax authorities and must have (1) a business purpose, and (2) must function as a business.

Use business trust in a sentence

You should try and always know every detail about a business trust so that you are never in any violation of them.
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The business trust was responsible for determining the terms of the negotiations that would be acceptable to all parties involved.
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You should try to have a strong relationship with your business trust so that they can bail you out if you need it.
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