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Few words

slush funda fund for buying votes or bribing public officials
trustsomething (as property) held by one party (the trustee) for the benefit of another (the beneficiary); "he is the beneficiary of a generous trust set up by his father"
active trusta trust in which the trustee must perform certain duties
blind trusta trust that enables a person to avoid possible conflict of interest by transferring assets to a fiduciary; the person establishing the trust gives up the right to information about the assets
passive trusta trust in which the trustee performs no active duties
charitable trusta trust created for charitable or religious or educational or scientific purposes
public trusta trust created for charitable or religious or educational or scientific purposes
Clifford trusta trust established to shift the income to someone who is taxed at a lower rate than the grantor for a period of 10 years or more
grantor trusta trust established to shift the income to someone who is taxed at a lower rate than the grantor for a period of 10 years or more
implied trusta trust inferred by operation of law
constructive trusta trust created by a court (regardless of the intent of the parties) to benefit a party that has been wrongfully deprived of its rights
involuntary trusta trust created by a court (regardless of the intent of the parties) to benefit a party that has been wrongfully deprived of its rights
resulting trusta trust created by a court when it is judged that it was the intention of the parties to create a trust
direct trusta trust created by the free and deliberate act of the parties involved (usually on the basis of written documentation)
express trusta trust created by the free and deliberate act of the parties involved (usually on the basis of written documentation)
discretionary trusta trust that gives the trustee discretion to pay the beneficiary as much of the trust income as the trustee believes appropriate
nondiscretionary trustan investment trust that can buy only those securities listed when the trust was organized
fixed investment trustan investment trust that can buy only those securities listed when the trust was organized
living trusta trust created and operating during the grantor''s lifetime
inter vivos trusta trust created and operating during the grantor''s lifetime
spendthrift trusta trust created to maintain a beneficiary but to be secure against the beneficiary''s improvidence
testamentary trusta trust that is created under a will and that becomes active after the grantor dies
savings account trusta savings account deposited by someone who makes themselves the trustee for a beneficiary and who controls it during their lifetime; afterward the balance is payable to the previously named beneficiary
savings bank trusta savings account deposited by someone who makes themselves the trustee for a beneficiary and who controls it during their lifetime; afterward the balance is payable to the previously named beneficiary
trust accounta savings account deposited by someone who makes themselves the trustee for a beneficiary and who controls it during their lifetime; afterward the balance is payable to the previously named beneficiary