Trust

The term trust has several meanings:

• In general, trust refers to an aspect of a relationship between two parties, by which a given situation is mutually understood, and commitments are made toward actions in favor of a desired outcome. In contrast with hope, trust is almost strictly interpersonal. In contrast with faith, trust is almost always considered a subordinate material form wheras "faith" is typically reserved for a "higher power" —God, etc.
• In sociology, trust is the willing acceptance of one person's power to affect another. It is discussed more formally in the articles on social capital, profession and authority. There is much dispute on whether degrees of trust can be measured, or whether it simply exists until there is doubt. See ethics and meta-ethics for more on these abstract questions. There is also much dispute about how lying, blaming and hypocrisy interact with trust. See also distrust
• A trust is a legal arrangement for the ownership and management of property by one on behalf of another. See also escrow.
• A trust is a form of business entity used in the late 19th century with intent to create monopoly. Some but not all were organized as trusts in the legal sense. They were often created when corporate leaders convinced (or coerced) the shareholders of all the companies in one industry to convey their shares to a board of trustees, in exchange for dividend-paying certificates. The board would then manage all the companies in "trust" for the shareholders (and minimize competition in the process). Eventually the term was used to refer to monopolies in general. In 1898, President William McKinley launched the 'trust-busting' era when he appointed the U.S. Industrial Commission on trusts, which interrogated Carnegie, Rockefeller, Schwab, and other industrial titans. The report of the Industrial Commission was seized upon by Theodore Roosevelt, who based much of his presidency on "trust-busting". See also: antitrust. William McKinley. U.S. Industrial Commission. Commissioner Andrew L. Harris.
• A trust company is a near-bank: a financial institution offering banking, investment and estate administration services.
• A civil law trust company is a type of financial services company. To its clients it renders services of management, administration and bookkeeping of companies and other legal entities in a jurisdiction other than where the client has his residence. Unlike in the case of a bank, where a client holds an account to keep money in, at a civil law trust company a client holds a company, partnership or foundation that owns the clients assets. This is often referred to as off shore structuring. Typical motives for maintaining an off shore structure are (international) tax planning, estate planning and asset protection.
• Trust is an important concept in computer security and security engineering. In this sense, a "trusted" resource is one that you are forced by necessity to trust — that is to say, that its failure will compromise the security or integrity of the system.
• In cryptography, trust is either of two related concepts - how much one trusts another person to introduce keys, and how confident one is that a given key has a given owner. These determinations are often made via a web of trust.
• Trust was a French hard rock band who rose to fame around 1980.
• Trust is a 1981 record album by Elvis Costello & The Attractions.
• Trust Company (better known as TRUSTcompany or TRUST*CO) is an American grunge band that started in the early 2000s.