business trust

  

Definition

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.

    9 people found this helpful
  • The business trust was responsible for determining the terms of the negotiations that would be acceptable to all parties involved.

    4 people found this helpful
  • You should try to have a strong relationship with your business trust so that they can bail you out if you need it.

    8 people found this helpful
Show more usage examples...

Related Videos




http://www.businessdictionary.com/definition/business-trust.html

Have a question about business trust? Ask for help in the
Community
Browse by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z