Trust

The term trust means credit; that is, confidence that payment, especially voluntary payment, will be made at a future time for goods or other property purchased. The word trust also signifies custodianship and care of property. The term trust is commonly applied to a combination of 3 separate concerns or interests by an actual consolidation when the purpose is to control a particular industry or a busine . For example, by a consolidation or amalgamation of steel producing companies the “Steel Trust,” so called, was created; likewise, by a combination of sugar refining companies the “Sugar Trust,” so called, was created.