Trust vs. Society — What's the Difference?

Trust is a legal entity that holds assets for beneficiaries.

Society refers to the collective institutions and relationships that govern behavior.

Trust is a fiduciary relationship involving a trustee and beneficiaries.

Society is a group of people sharing common values and culture.

Trust is often used in estate planning to manage wealth.

Society encompasses all aspects of human interaction.

Trust can also refer to a business arrangement to restrict competition.

Society can also refer to an organization or club focused on a specific interest.

Firm belief in the integrity, ability, or character of a person or thing; confidence or reliance

A society is a group of individuals involved in persistent social interaction, or a large social group sharing the same spatial or social territory, typically subject to the same political authority and dominant cultural expectations. Societies are characterized by patterns of relationships (social relations) between individuals who share a distinctive culture and institutions; a given society may be described as the sum total of such relationships among its constituent of members.

The condition and resulting obligation of having confidence placed in one

The aggregate of people living together in a more or less ordered community

One in which confidence is placed.

An organization or club formed for a particular purpose or activity

Custody; care

The situation of being in the company of other people

Something committed into the care of another; a charge

The totality of people regarded as forming a community of interdependent individuals

Reliance on something in the future; hope

A group of people broadly distinguished from other groups by mutual interests, participation in characteristic relationships, shared institutions, and a common culture

Reliance on the intention and ability of a purchaser to pay in the future; credit

An organization or association of persons engaged in a common profession, activity, or interest

A legal relationship in which one party holds a title to property while another party has the entitlement to the beneficial use of that property.

The wealthy, socially dominant members of a community. Also called high society.

The confidence reposed in a trustee when giving the trustee legal title to property to administer for another, together with the trustee's obligation regarding that property and the beneficiary.

Companionship; company

The property so held.

(Biology) A colony or community of organisms, usually of the same species

An institution or organization directed by trustees

(countable) A long-standing group of people sharing cultural aspects such as language, dress, norms of behavior and artistic forms.

A combination of firms or corporations for the purpose of reducing competition and controlling prices throughout a business or industry.

(countable) A group of people who meet from time to time to engage in a common interest; an association or organization.

To have or place confidence in; depend on

(countable) The sum total of all voluntary interrelations between individuals.

To have confidence in allowing (someone) to use, know, or look after something

(uncountable) The people of one’s country or community taken as a whole.

To expect with assurance; assume

(uncountable) High society.

To give credence to; believe

A number of people joined by mutual consent to deliberate, determine and act toward a common goal.

To place in the care of another person or in a situation deemed safe; entrust

The relationship of men to one another when associated in any way; companionship; fellowship; company.

To extend credit to.

Connection; participation; partnership.

To have or place reliance; depend

A number of persons associated for any temporary or permanent object; an association for mutual or joint usefulness, pleasure, or profit; a social union; a partnership; as, a missionary society.

To be confident; hope.

The persons, collectively considered, who live in any region or at any period; any community of individuals who are united together by a common bond of nearness or intercourse; those who recognize each other as associates, friends, and acquaintances.

Confidence in or reliance on some person or quality.

Specifically, the more cultivated portion of any community in its social relations and influences; those who mutually give receive formal entertainments.

Dependence upon something in the future; hope.

An extended social group having a distinctive cultural and economic organization

Confidence in the future payment for goods or services supplied; credit.

A formal association of people with similar interests;

That which is committed or entrusted; something received in confidence; a charge.

The state of being with someone;

That upon which confidence is reposed; ground of reliance; hope.

The fashionable elite

(rare) Trustworthiness, reliability.

Society can mean a specific community of people.

The condition or obligation of one to whom anything is confided; responsible charge or office.

(legal) The confidence vested in a person who has legal ownership of a property to manage for the benefit of another.

(legal) An arrangement whereby property or money is given to be held by a third party (a trustee), on the basis that it will be managed for the benefit of, or eventually transferred to, a stated beneficiary; for example, money to be given to a child when he or she reaches adulthood.

A group of businessmen or traders organised for mutual benefit to produce and distribute specific commodities or services, and managed by a central body of trustees.

(computing) Affirmation of the access rights of a user of a computer system.

(transitive) To place confidence in, to rely on, to confide in.

To have faith in; to rely on for continuing support or aid.

(transitive) To give credence to; to believe; to credit.

(transitive) To hope confidently; to believe (usually with a phrase or infinitive clause as the object)

(transitive) to show confidence in a person by entrusting them with something.

(transitive) To commit, as to one's care; to entrust.

(transitive) To give credit to; to sell to upon credit, or in confidence of future payment.

To rely on (something), as though having trust (on it).

To risk; to venture confidently.

(intransitive) To have trust; to be credulous; to be won to confidence; to confide.

To sell or deliver anything in reliance upon a promise of payment; to give credit.

(obsolete) Secure, safe.

(obsolete) Faithful, dependable.

(legal) of or relating to a trust.

Assured resting of the mind on the integrity, veracity, justice, friendship, or other sound principle, of another person; confidence; reliance; reliance.

Credit given; especially, delivery of property or merchandise in reliance upon future payment; exchange without immediate receipt of an equivalent; as, to sell or buy goods on trust.

Assured anticipation; dependence upon something future or contingent, as if present or actual; hope; belief.

That which is committed or intrusted to one; something received in confidence; charge; deposit.

The condition or obligation of one to whom anything is confided; responsible charge or office.

That upon which confidence is reposed; ground of reliance; hope.

An estate devised or granted in confidence that the devisee or grantee shall convey it, or dispose of the profits, at the will, or for the benefit, of another; an estate held for the use of another; a confidence respecting property reposed in one person, who is termed the trustee, for the benefit of another, who is called the cestui que trust.

An equitable right or interest in property distinct from the legal ownership thereof; a use (as it existed before the Statute of Uses); also, a property interest held by one person for the benefit of another. Trusts are active, or special, express, implied, constructive, etc. In a passive trust the trustee simply has title to the trust property, while its control and management are in the beneficiary.

A business organization or combination consisting of a number of firms or corporations operating, and often united, under an agreement creating a trust (in sense 1), esp. one formed mainly for the purpose of regulating the supply and price of commodities, etc.; often, opprobriously, a combination formed for the purpose of controlling or monopolizing a trade, industry, or business, by doing acts in restraint or trade; as, a sugar trust. A trust may take the form of a corporation or of a body of persons or corporations acting together by mutual arrangement, as under a contract or a so-called gentlemen's agreement. When it consists of corporations it may be effected by putting a majority of their stock either in the hands of a board of trustees (whence the name trust for the combination) or by transferring a majority to a holding company. The advantages of a trust are partly due to the economies made possible in carrying on a large business, as well as the doing away with competition. In the United States severe statutes against trusts have been passed by the Federal government and in many States, with elaborate statutory definitions.

Held in trust; as, trust property; trustmoney.

To place confidence in; to rely on, to confide, or repose faith, in; as, we can not trust those who have deceived us.

To give credence to; to believe; to credit.

To hope confidently; to believe; - usually with a phrase or infinitive clause as the object.

To show confidence in a person by intrusting (him) with something.

To commit, as to one's care; to intrust.

To give credit to; to sell to upon credit, or in confidence of future payment; as, merchants and manufacturers trust their customers annually with goods.

To risk; to venture confidently.

To have trust; to be credulous; to be won to confidence; to confide.

To be confident, as of something future; to hope.

To sell or deliver anything in reliance upon a promise of payment; to give credit.

Something (as property) held by one party (the trustee) for the benefit of another (the beneficiary);

Certainty based on past experience;

The trait of trusting; of believing in the honesty and reliability of others;

A consortium of independent organizations formed to limit competition by controlling the production and distribution of a product or service;

Complete confidence in a person or plan etc;

A trustful relationship;

Have confidence or faith in;

Allow without fear

Be confident about something;

Expect and wish;

Confer a trust upon;

Extend credit to

Trust can also mean confidence in someone or something.

Trust is a legal entity that manages assets for beneficiaries.

Yes, a trust is often an institution within a society.

Society is governed by social norms, laws, and institutions.

Society is a group of people sharing common values, culture, and institutions.

In the context of asset management, trust is a legal entity.

No, societies can range from small communities to entire nations.

A trustee manages the assets in a trust for the benefit of beneficiaries.

No, trust is a legal concept, while society is a social concept.

A trust is governed by a trustee and regulated by law.

Elements of society include culture, institutions, and laws.

Society is shaped by human interaction, economics, and politics.

Yes, each society has its own set of values, norms, and culture.

It's the duty of the trustee to act in the best interests of the beneficiaries.

Yes, trusts are commonly used in estate planning.

Yes, charitable trusts are designed to benefit a cause or the public.