meaning of active trust

active trust meaning in Law Dictionary

trust fund in which the trustee has active obligations. These responsibilities are managing possessions, collections, and product sales. AKA special trust. Make reference to bare trust.

active trust meaning in Business Dictionary

Trust where the trustee (labeled as energetic trustee) has actually 'active' obligations, as well as the responsibility of handing within the trust possessions to its beneficiary. Such tasks may include collection and transfer (toward beneficiary) of earnings, rents, and/or sale-proceeds. Also called unique trust. See also bare trust.

active trust meaning in General Dictionary

a trust in which the trustee must perform particular duties