passive trust(redirected from Naked Trust)
Also found in: Thesaurus, Financial.
Switch to new thesaurus
|Noun||1.||passive trust - a trust in which the trustee performs no active duties|
trust - something (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 trust - a trust in which the trustee must perform certain duties