public trust

  

Definition

Trust created for the promotion of public welfare and not for the benefit of one or more individuals. It may or may not be a charitable trust. Also called purpose trust.

Use public trust in a sentence

  • You need to try and make sure that you have the public trust on your side so that people like your business.

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  • The action of the oil company went again the public trust, the companies dangerous practices directly infringed on public safety by contaminating water supplies and polluting the soil that many residents lived on.

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  • The public trust was primarily created for the national parks foundation to help preserve nature so our company supported the project fully.

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