Definition of Business trust:
Commercial organization managed by appointed trustees (who hold the title to the business property) for the benefit of one or more beneficiaries. A business trust is treated as a legal entity by the tax authorities and must have (1) a business purpose, and (2) must function as a business.
How to use Business trust in a sentence?
- You should try and always know every detail about a business trust so that you are never in any violation of them.
- The business trust was responsible for determining the terms of the negotiations that would be acceptable to all parties involved.
- You should try to have a strong relationship with your business trust so that they can bail you out if you need it.
Meaning of Business trust & Business trust Definition