On Trust definition

On Trust means the funds are held On Trust by the CSA … to ensure the funds are not misused on tobacco, alcohol, gambling, etc. Presently, recipients have full discretion to misuse funds.
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Examples of On Trust in a sentence

  • Interest earned on any “Interest On Lawyers’ Trust Account” (IOLTA), Interest On Trust Account” (IOTA) or “Interest On Lawyer Account” (▇▇▇▇) or similar lawyer trust account is directed to the applicable IOLTA, IOTA or ▇▇▇▇ Committee or bar foundation, as designated under applicable law and bar rules.

Related to On Trust

  • the Eileen Trust means the charitable trust of that name established on 29th March 1993 out of funds provided by the Secretary of State for the benefit of persons eligible for payment in accordance with its provisions;

  • Non-Lead Securitization Trust means the Securitization Trust into which any Non-Lead Securitization Note is deposited.

  • Lead Securitization Trust means the Securitization Trust created in connection with the Lead Securitization.

  • Titling Trust Agreement means the Amended and Restated Trust and Servicing Agreement, dated as of August 26, 1998, among NILT Trust, as the Grantor and the UTI Beneficiary, the Servicer, the Delaware Trustee, the Titling Trustee and the Trust Agent.

  • Titling Trust means GE TF Trust, a Delaware statutory trust.