Trust Agreements
Trust Agreements | Definition
An agreement that places assets in the hands of a trustee and details the trustee's rights and responsibilities.
An agreement that details the methods of receipt, investment and disbursement of funds under a retirement plan. It contains provisions for investment powers of trustees; irrevocability and non-diversion of trust assets; payment of legal, trustee, and other fees relative to the plan; exculpatory clauses pertaining to the liability of trustees; periodic reports to the employer (or union) by the trustees; records and accounts to be maintained by the trustees; conditions for removal, resignation, or replacement of trustees; benefit payments under the plan; and the rights and duties of the trustees in case of amendment or termination of the plan. The plan agreement is often separate from the trust.For over 1,000 additional terms and definitions please see our Investment Glossary Guide.
Related to Trust Agreements:
- Geographical Hedge Fund Guides
- Hedge Fund Employment Guide
- Financial Certification
- Investment Book
- Hedge Fund Terms and Definitions
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