noun a firm belief in the reliability, truth, ability, or strength of someone or something
preposition indicating the basis or grounds for something
In real estate transactions, 'on trust' may signify a legal arrangement where a property is held in trust for the benefit of another party.
In legal terms, 'on trust' refers to holding property or assets for the benefit of another party, with specific legal obligations and responsibilities.
In financial terms, 'on trust' may refer to the act of entrusting funds or assets to a financial institution or individual for safekeeping or investment purposes.
In business contexts, 'on trust' can indicate a relationship of confidence and reliance between parties, often in the form of a contractual agreement.
In personal relationships, 'on trust' can convey the idea of relying on someone's honesty, integrity, or loyalty in a given situation.
In the publishing industry, authors often send manuscripts to publishers 'on trust', meaning they trust the publisher to review and potentially publish their work without a formal contract in place.
Psychologists may work with clients 'on trust', meaning they establish a confidential and trusting relationship with their clients without any legal agreements in place.
A financial advisor may manage a client's investments 'on trust', meaning the client trusts the advisor to make investment decisions on their behalf without needing to approve each transaction.
A contractor may begin work on a project 'on trust', meaning they trust that the client will pay them for their services without a formal contract in place.