Trust vs. Society — What's the Difference?
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Edited by Tayyaba Rehman — By Fiza Rafique — Published on October 9, 2023
Trust is a legal entity or arrangement that holds and manages assets for the benefit of specific individuals or purposes.
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Difference Between Trust and Society
Table of Contents
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Key Differences
Trust can exist within a society as one of its many institutions. Society encompasses a much wider range of human interactions and institutions, including but not limited to trusts.
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Fiza Rafique
Oct 09, 2023
Trust is a legal structure that holds and manages assets, usually for the benefit of specific individuals or purposes. Society refers to a group of individuals who share common values, culture, or institutions, and interact regularly.
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Fiza Rafique
Oct 09, 2023
Trust usually involves a trustee who manages assets for beneficiaries. Society involves a web of relationships and structures that help to govern human interaction, including laws, norms, and cultural practices.
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Fiza Rafique
Oct 09, 2023
Trust is primarily a legal or financial concept, involving fiduciary duties and often regulated by law. Society, on the other hand, is a sociological and anthropological term that describes collective human interaction and behavior.
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Fiza Rafique
Oct 09, 2023
Trusts are generally formed for specific objectives, such as to manage estate planning or charitable donations. Society is formed through a much broader and complex interaction of human activities, including economics, politics, and culture.
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Fiza Rafique
Oct 09, 2023
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Comparison Chart
Function
Specific objectives like estate planning
Broad human activities and interactions
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Fiza Rafique
Oct 09, 2023
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Definitions
Trust
Trust is a legal entity that holds assets for beneficiaries.
The trust was established to fund educational scholarships.
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Fiza Rafique
Sep 22, 2023
Society
Society refers to the collective institutions and relationships that govern behavior.
Laws and norms are important aspects of society.
![](https://www.askdifference.com/avatar/364083f859b0c0321128971c30b9de40.webp?s=32)
Fiza Rafique
Sep 22, 2023
Trust
Trust is a fiduciary relationship involving a trustee and beneficiaries.
In the trust, the trustee has a fiduciary duty to the beneficiaries.
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Fiza Rafique
Sep 22, 2023
Society
Society is a group of people sharing common values and culture.
The society valued education and artistic expression.
![](https://www.askdifference.com/avatar/364083f859b0c0321128971c30b9de40.webp?s=32)
Fiza Rafique
Sep 22, 2023
Trust
Trust is often used in estate planning to manage wealth.
Many people create a trust to avoid probate.
![](https://www.askdifference.com/avatar/364083f859b0c0321128971c30b9de40.webp?s=32)
Fiza Rafique
Sep 22, 2023
Society
Society encompasses all aspects of human interaction.
Society is shaped by economics, politics, and culture.
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Fiza Rafique
Sep 22, 2023
Trust
Trust can also refer to a business arrangement to restrict competition.
The government broke up the trust to promote competition.
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Fiza Rafique
Sep 22, 2023
Society
Society can also refer to an organization or club focused on a specific interest.
She joined a literary society to discuss books.
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Fiza Rafique
Sep 22, 2023
Trust
Firm belief in the integrity, ability, or character of a person or thing; confidence or reliance
Trying to gain our clients' trust.
Taking it on trust that our friend is telling the truth.
![](https://www.askdifference.com/avatar/364083f859b0c0321128971c30b9de40.webp?s=32)
Fiza Rafique
Sep 02, 2021
Society
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.
![](https://www.askdifference.com/avatar/364083f859b0c0321128971c30b9de40.webp?s=32)
Fiza Rafique
Sep 02, 2021
Trust
The condition and resulting obligation of having confidence placed in one
Violated a public trust.
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Fiza Rafique
Sep 02, 2021
Society
The aggregate of people living together in a more or less ordered community
Drugs, crime, and other dangers to society
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Fiza Rafique
Sep 02, 2021
Society
An organization or club formed for a particular purpose or activity
The Royal Society for the Protection of Birds
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Fiza Rafique
Sep 02, 2021
Society
The situation of being in the company of other people
She shunned the society of others
![](https://www.askdifference.com/avatar/364083f859b0c0321128971c30b9de40.webp?s=32)
Fiza Rafique
Sep 02, 2021
Trust
Something committed into the care of another; a charge
Violated a public trust.
![](https://www.askdifference.com/avatar/364083f859b0c0321128971c30b9de40.webp?s=32)
Fiza Rafique
Sep 02, 2021
Society
The totality of people regarded as forming a community of interdependent individuals
Working for the benefit of society.
![](https://www.askdifference.com/avatar/364083f859b0c0321128971c30b9de40.webp?s=32)
Fiza Rafique
Sep 02, 2021
Trust
Reliance on something in the future; hope
We have trust that the future will be better.
![](https://www.askdifference.com/avatar/364083f859b0c0321128971c30b9de40.webp?s=32)
Fiza Rafique
Sep 02, 2021
Society
A group of people broadly distinguished from other groups by mutual interests, participation in characteristic relationships, shared institutions, and a common culture
Rural society.
Literary society.
![](https://www.askdifference.com/avatar/364083f859b0c0321128971c30b9de40.webp?s=32)
Fiza Rafique
Sep 02, 2021
Trust
Reliance on the intention and ability of a purchaser to pay in the future; credit
Bought the supplies on trust from a local dealer.
![](https://www.askdifference.com/avatar/364083f859b0c0321128971c30b9de40.webp?s=32)
Fiza Rafique
Sep 02, 2021
Society
An organization or association of persons engaged in a common profession, activity, or interest
A folklore society.
A society of bird watchers.
![](https://www.askdifference.com/avatar/364083f859b0c0321128971c30b9de40.webp?s=32)
Fiza Rafique
Sep 02, 2021
Trust
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.
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Fiza Rafique
Sep 02, 2021
Society
The wealthy, socially dominant members of a community. Also called high society.
![](https://www.askdifference.com/avatar/364083f859b0c0321128971c30b9de40.webp?s=32)
Fiza Rafique
Sep 02, 2021
Trust
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.
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Fiza Rafique
Sep 02, 2021
Society
Companionship; company
Enjoys the society of friends and family members.
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Fiza Rafique
Sep 02, 2021
Society
(Biology) A colony or community of organisms, usually of the same species
An insect society.
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Fiza Rafique
Sep 02, 2021
Society
(countable) A long-standing group of people sharing cultural aspects such as language, dress, norms of behavior and artistic forms.
This society has been known for centuries for its colorful clothing and tight-knit family structure.
![](https://www.askdifference.com/avatar/364083f859b0c0321128971c30b9de40.webp?s=32)
Fiza Rafique
Sep 02, 2021
Trust
A combination of firms or corporations for the purpose of reducing competition and controlling prices throughout a business or industry.
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Fiza Rafique
Sep 02, 2021
Society
(countable) A group of people who meet from time to time to engage in a common interest; an association or organization.
It was then that they decided to found a society of didgeridoo-playing unicyclists.
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Fiza Rafique
Sep 02, 2021
Trust
To have or place confidence in; depend on
Only trusted his friends.
Did not trust the strength of the thin rope.
Could not be trusted to oversee so much money.
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Fiza Rafique
Sep 02, 2021
Society
(countable) The sum total of all voluntary interrelations between individuals.
The gap between Western and Eastern societies seems to be narrowing.
![](https://www.askdifference.com/avatar/364083f859b0c0321128971c30b9de40.webp?s=32)
Fiza Rafique
Sep 02, 2021
Trust
To have confidence in allowing (someone) to use, know, or look after something
Can I trust you with a secret?.
![](https://www.askdifference.com/avatar/364083f859b0c0321128971c30b9de40.webp?s=32)
Fiza Rafique
Sep 02, 2021
Society
(uncountable) The people of one’s country or community taken as a whole.
Our global society develops in fits and starts.
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Fiza Rafique
Sep 02, 2021
Society
(uncountable) High society.
Smith was first introduced into society at the Duchess of Grand Fenwick's annual rose garden party.
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Fiza Rafique
Sep 02, 2021
Society
A number of people joined by mutual consent to deliberate, determine and act toward a common goal.
![](https://www.askdifference.com/avatar/364083f859b0c0321128971c30b9de40.webp?s=32)
Fiza Rafique
Sep 02, 2021
Trust
To place in the care of another person or in a situation deemed safe; entrust
"the unfortunate souls who trusted their retirement savings to the stock" (Bill Barnhart).
![](https://www.askdifference.com/avatar/364083f859b0c0321128971c30b9de40.webp?s=32)
Fiza Rafique
Sep 02, 2021
Society
The relationship of men to one another when associated in any way; companionship; fellowship; company.
There is society where none intrudesBy the deep sea, and music in its roar.
![](https://www.askdifference.com/avatar/364083f859b0c0321128971c30b9de40.webp?s=32)
Fiza Rafique
Sep 02, 2021
Society
Connection; participation; partnership.
The meanest of the people and such as have the least society with the acts and crimes of kings.
![](https://www.askdifference.com/avatar/364083f859b0c0321128971c30b9de40.webp?s=32)
Fiza Rafique
Sep 02, 2021
Trust
To have or place reliance; depend
We can only trust in our guide's knowledge of the terrain.
![](https://www.askdifference.com/avatar/364083f859b0c0321128971c30b9de40.webp?s=32)
Fiza Rafique
Sep 02, 2021
Society
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.
![](https://www.askdifference.com/avatar/364083f859b0c0321128971c30b9de40.webp?s=32)
Fiza Rafique
Sep 02, 2021
Society
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.
![](https://www.askdifference.com/avatar/364083f859b0c0321128971c30b9de40.webp?s=32)
Fiza Rafique
Sep 02, 2021
Trust
Confidence in or reliance on some person or quality.
He needs to regain her trust if he is ever going to win her back.
To lose trust in someone
Build up trust
A relationship built on mutual trust
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Fiza Rafique
Sep 02, 2021
Society
Specifically, the more cultivated portion of any community in its social relations and influences; those who mutually give receive formal entertainments.
![](https://www.askdifference.com/avatar/364083f859b0c0321128971c30b9de40.webp?s=32)
Fiza Rafique
Sep 02, 2021
Society
An extended social group having a distinctive cultural and economic organization
![](https://www.askdifference.com/avatar/364083f859b0c0321128971c30b9de40.webp?s=32)
Fiza Rafique
Sep 02, 2021
Trust
Confidence in the future payment for goods or services supplied; credit.
I was out of cash, but the landlady let me have it on trust.
![](https://www.askdifference.com/avatar/364083f859b0c0321128971c30b9de40.webp?s=32)
Fiza Rafique
Sep 02, 2021
Society
A formal association of people with similar interests;
He joined a golf club
They formed a small lunch society
Men from the fraternal order will staff the soup kitchen today
![](https://www.askdifference.com/avatar/364083f859b0c0321128971c30b9de40.webp?s=32)
Fiza Rafique
Sep 02, 2021
Trust
That which is committed or entrusted; something received in confidence; a charge.
![](https://www.askdifference.com/avatar/364083f859b0c0321128971c30b9de40.webp?s=32)
Fiza Rafique
Sep 02, 2021
Society
The state of being with someone;
He missed their company
He enjoyed the society of his friends
![](https://www.askdifference.com/avatar/364083f859b0c0321128971c30b9de40.webp?s=32)
Fiza Rafique
Sep 02, 2021
Society
Society can mean a specific community of people.
Rural societies have different needs than urban societies.
![](https://www.askdifference.com/avatar/364083f859b0c0321128971c30b9de40.webp?s=32)
Fiza Rafique
Sep 22, 2023
Trust
The condition or obligation of one to whom anything is confided; responsible charge or office.
![](https://www.askdifference.com/avatar/364083f859b0c0321128971c30b9de40.webp?s=32)
Fiza Rafique
Sep 02, 2021
Trust
(legal) The confidence vested in a person who has legal ownership of a property to manage for the benefit of another.
I put the house into my sister's trust.
![](https://www.askdifference.com/avatar/364083f859b0c0321128971c30b9de40.webp?s=32)
Fiza Rafique
Sep 02, 2021
Trust
(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.
![](https://www.askdifference.com/avatar/364083f859b0c0321128971c30b9de40.webp?s=32)
Fiza Rafique
Sep 02, 2021
Trust
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.
![](https://www.askdifference.com/avatar/364083f859b0c0321128971c30b9de40.webp?s=32)
Fiza Rafique
Sep 02, 2021
Trust
(computing) Affirmation of the access rights of a user of a computer system.
![](https://www.askdifference.com/avatar/364083f859b0c0321128971c30b9de40.webp?s=32)
Fiza Rafique
Sep 02, 2021
Trust
(transitive) To place confidence in, to rely on, to confide in.
We cannot trust anyone who deceives us.
![](https://www.askdifference.com/avatar/364083f859b0c0321128971c30b9de40.webp?s=32)
Fiza Rafique
Sep 02, 2021
Trust
(transitive) To hope confidently; to believe (usually with a phrase or infinitive clause as the object)
I trust you have cleaned your room?
![](https://www.askdifference.com/avatar/364083f859b0c0321128971c30b9de40.webp?s=32)
Fiza Rafique
Sep 02, 2021
Trust
(transitive) to show confidence in a person by entrusting them with something.
![](https://www.askdifference.com/avatar/364083f859b0c0321128971c30b9de40.webp?s=32)
Fiza Rafique
Sep 02, 2021
Trust
(transitive) To give credit to; to sell to upon credit, or in confidence of future payment.
Merchants and manufacturers trust their customers annually with goods.
![](https://www.askdifference.com/avatar/364083f859b0c0321128971c30b9de40.webp?s=32)
Fiza Rafique
Sep 02, 2021
Trust
To rely on (something), as though having trust (on it).
To trust to luck
Having lost the book, he had to trust to his memory for further details.
![](https://www.askdifference.com/avatar/364083f859b0c0321128971c30b9de40.webp?s=32)
Fiza Rafique
Sep 02, 2021
Trust
(intransitive) To have trust; to be credulous; to be won to confidence; to confide.
![](https://www.askdifference.com/avatar/364083f859b0c0321128971c30b9de40.webp?s=32)
Fiza Rafique
Sep 02, 2021
Trust
To sell or deliver anything in reliance upon a promise of payment; to give credit.
![](https://www.askdifference.com/avatar/364083f859b0c0321128971c30b9de40.webp?s=32)
Fiza Rafique
Sep 02, 2021
Trust
Assured resting of the mind on the integrity, veracity, justice, friendship, or other sound principle, of another person; confidence; reliance; reliance.
Most take things upon trust.
![](https://www.askdifference.com/avatar/364083f859b0c0321128971c30b9de40.webp?s=32)
Fiza Rafique
Sep 02, 2021
Trust
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.
![](https://www.askdifference.com/avatar/364083f859b0c0321128971c30b9de40.webp?s=32)
Fiza Rafique
Sep 02, 2021
Trust
Assured anticipation; dependence upon something future or contingent, as if present or actual; hope; belief.
His trust was with the Eternal to be deemedEqual in strength.
![](https://www.askdifference.com/avatar/364083f859b0c0321128971c30b9de40.webp?s=32)
Fiza Rafique
Sep 02, 2021
Trust
That which is committed or intrusted to one; something received in confidence; charge; deposit.
![](https://www.askdifference.com/avatar/364083f859b0c0321128971c30b9de40.webp?s=32)
Fiza Rafique
Sep 02, 2021
Trust
The condition or obligation of one to whom anything is confided; responsible charge or office.
[I] serve him truly that will put me in trust.
Reward them well, if they observe their trust.
![](https://www.askdifference.com/avatar/364083f859b0c0321128971c30b9de40.webp?s=32)
Fiza Rafique
Sep 02, 2021
Trust
That upon which confidence is reposed; ground of reliance; hope.
O Lord God, thou art my trust from my youth.
![](https://www.askdifference.com/avatar/364083f859b0c0321128971c30b9de40.webp?s=32)
Fiza Rafique
Sep 02, 2021
Trust
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.
![](https://www.askdifference.com/avatar/364083f859b0c0321128971c30b9de40.webp?s=32)
Fiza Rafique
Sep 02, 2021
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.
![](https://www.askdifference.com/avatar/364083f859b0c0321128971c30b9de40.webp?s=32)
Fiza Rafique
Sep 02, 2021
Trust
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.
![](https://www.askdifference.com/avatar/364083f859b0c0321128971c30b9de40.webp?s=32)
Fiza Rafique
Sep 02, 2021
Trust
To place confidence in; to rely on, to confide, or repose faith, in; as, we can not trust those who have deceived us.
I will never trust his word after.
He that trusts every one without reserve will at last be deceived.
![](https://www.askdifference.com/avatar/364083f859b0c0321128971c30b9de40.webp?s=32)
Fiza Rafique
Sep 02, 2021
Trust
To hope confidently; to believe; - usually with a phrase or infinitive clause as the object.
I trust to come unto you, and speak face to face.
We trustwe have a good conscience.
![](https://www.askdifference.com/avatar/364083f859b0c0321128971c30b9de40.webp?s=32)
Fiza Rafique
Sep 02, 2021
Trust
To show confidence in a person by intrusting (him) with something.
Whom, with your power and fortune, sir, you trust,Now to suspect is vain.
![](https://www.askdifference.com/avatar/364083f859b0c0321128971c30b9de40.webp?s=32)
Fiza Rafique
Sep 02, 2021
Trust
To commit, as to one's care; to intrust.
Merchants were not willing to trust precious cargoes to any custody but that of a man-of-war.
![](https://www.askdifference.com/avatar/364083f859b0c0321128971c30b9de40.webp?s=32)
Fiza Rafique
Sep 02, 2021
Trust
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.
![](https://www.askdifference.com/avatar/364083f859b0c0321128971c30b9de40.webp?s=32)
Fiza Rafique
Sep 02, 2021
Trust
To risk; to venture confidently.
[Beguiled] by theeto trust thee from my side.
![](https://www.askdifference.com/avatar/364083f859b0c0321128971c30b9de40.webp?s=32)
Fiza Rafique
Sep 02, 2021
Trust
To have trust; to be credulous; to be won to confidence; to confide.
More to know could not be more to trust.
![](https://www.askdifference.com/avatar/364083f859b0c0321128971c30b9de40.webp?s=32)
Fiza Rafique
Sep 02, 2021
Trust
To be confident, as of something future; to hope.
I will trust and not be afraid.
![](https://www.askdifference.com/avatar/364083f859b0c0321128971c30b9de40.webp?s=32)
Fiza Rafique
Sep 02, 2021
Trust
To sell or deliver anything in reliance upon a promise of payment; to give credit.
It is happier sometimes to be cheated than not to trust.
Her widening streets on new foundations trust.
They trusted unto the liers in wait.
![](https://www.askdifference.com/avatar/364083f859b0c0321128971c30b9de40.webp?s=32)
Fiza Rafique
Sep 02, 2021
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
![](https://www.askdifference.com/avatar/364083f859b0c0321128971c30b9de40.webp?s=32)
Fiza Rafique
Sep 02, 2021
Trust
Certainty based on past experience;
He wrote the paper with considerable reliance on the work of other scientists
He put more trust in his own two legs than in the gun
![](https://www.askdifference.com/avatar/364083f859b0c0321128971c30b9de40.webp?s=32)
Fiza Rafique
Sep 02, 2021
Trust
The trait of trusting; of believing in the honesty and reliability of others;
The experience destroyed his trust and personal dignity
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Fiza Rafique
Sep 02, 2021
Trust
A consortium of independent organizations formed to limit competition by controlling the production and distribution of a product or service;
They set up the trust in the hope of gaining a monopoly
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Fiza Rafique
Sep 02, 2021
Trust
Complete confidence in a person or plan etc;
He cherished the faith of a good woman
The doctor-patient relationship is based on trust
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Fiza Rafique
Sep 02, 2021
Trust
A trustful relationship;
He took me into his confidence
He betrayed their trust
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Fiza Rafique
Sep 02, 2021
Trust
Have confidence or faith in;
We can trust in God
Rely on your friends
Bank on your good education
I swear by my grandmother's recipes
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Fiza Rafique
Sep 02, 2021
Trust
Be confident about something;
I believe that he will come back from the war
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Fiza Rafique
Sep 02, 2021
Trust
Expect and wish;
I trust you will behave better from now on
I hope she understands that she cannot expect a raise
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Fiza Rafique
Sep 02, 2021
Trust
Confer a trust upon;
The messenger was entrusted with the general's secret
I commit my soul to God
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Fiza Rafique
Sep 02, 2021
Trust
Trust can also mean confidence in someone or something.
I have trust in my doctor's expertise.
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Fiza Rafique
Sep 22, 2023
FAQs
What is Trust?
Trust is a legal entity that manages assets for beneficiaries.
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Fiza Rafique
Oct 09, 2023
Can a Trust exist within a Society?
Yes, a trust is often an institution within a society.
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Fiza Rafique
Oct 09, 2023
What governs Society?
Society is governed by social norms, laws, and institutions.
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Fiza Rafique
Oct 09, 2023
What is Society?
Society is a group of people sharing common values, culture, and institutions.
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Fiza Rafique
Oct 09, 2023
Is a Trust always legal?
In the context of asset management, trust is a legal entity.
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Fiza Rafique
Oct 09, 2023
Is Society always large?
No, societies can range from small communities to entire nations.
![](https://www.askdifference.com/avatar/364083f859b0c0321128971c30b9de40.webp?s=32)
Fiza Rafique
Oct 09, 2023
What is the role of a Trustee?
A trustee manages the assets in a trust for the benefit of beneficiaries.
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Fiza Rafique
Oct 09, 2023
Is Trust the same as Society?
No, trust is a legal concept, while society is a social concept.
![](https://www.askdifference.com/avatar/364083f859b0c0321128971c30b9de40.webp?s=32)
Fiza Rafique
Oct 09, 2023
What are the elements of a Society?
Elements of society include culture, institutions, and laws.
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Fiza Rafique
Oct 09, 2023
What shapes Society?
Society is shaped by human interaction, economics, and politics.
![](https://www.askdifference.com/avatar/364083f859b0c0321128971c30b9de40.webp?s=32)
Fiza Rafique
Oct 09, 2023
Does Society always have a specific culture?
Yes, each society has its own set of values, norms, and culture.
![](https://www.askdifference.com/avatar/364083f859b0c0321128971c30b9de40.webp?s=32)
Fiza Rafique
Oct 09, 2023
What is a fiduciary duty in a Trust?
It's the duty of the trustee to act in the best interests of the beneficiaries.
![](https://www.askdifference.com/avatar/364083f859b0c0321128971c30b9de40.webp?s=32)
Fiza Rafique
Oct 09, 2023
Can Trust be used for estate planning?
Yes, trusts are commonly used in estate planning.
![](https://www.askdifference.com/avatar/364083f859b0c0321128971c30b9de40.webp?s=32)
Fiza Rafique
Oct 09, 2023
Can Trusts be charitable?
Yes, charitable trusts are designed to benefit a cause or the public.
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Fiza Rafique
Oct 09, 2023
Author Spotlight
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Written by
Fiza RafiqueFiza Rafique is a skilled content editor at AskDifference.com, where she meticulously refines and enhances written pieces. Drawing from her vast editorial expertise, Fiza ensures clarity, accuracy, and precision in every article. Passionate about language, she continually seeks to elevate the quality of content for readers worldwide.
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Edited by
Tayyaba RehmanTayyaba Rehman is a distinguished writer, currently serving as a primary contributor to askdifference.com. As a researcher in semantics and etymology, Tayyaba's passion for the complexity of languages and their distinctions has found a perfect home on the platform. Tayyaba delves into the intricacies of language, distinguishing between commonly confused words and phrases, thereby providing clarity for readers worldwide.