Meaning & use
trust sale
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Meaning
nouncountablelegalbusiness
A sale of property or assets by a trust, often after the death of the person who set it up.
Grammar: Countable: you can say 'a trust sale' or 'trust sales'.
Patterns
- a trust sale of something
- hold a trust sale
The family house was sold in a trust sale after the estate was settled.
They attended a trust sale to buy antique furniture from the estate.
The lawyer explained that a trust sale requires court approval in some cases.
Word forms
| plural | trust sales |
|---|
Common combinations
- trust sale of property
- The trust sale of property took several months to complete.
- conduct a trust sale
- The bank conducted a trust sale of the remaining assets.
- trust sale proceeds
- The trust sale proceeds were distributed to the beneficiaries.
Synonyms and how they differ
- estate sale
- An estate sale sells the belongings of a deceased person, often not through a trust; a trust sale specifically involves a trust as the seller.
- liquidation
- Liquidation is a broader term for converting assets to cash, often in business; a trust sale is a specific legal sale by a trust.
Commonly confused: trust sale or trustee sale?
trust sale vs trustee sale
A trustee sale is a foreclosure sale conducted by a trustee; a trust sale is a sale by a trust. They are different legal processes.
Practice
What is a 'trust sale'?
Choose one answer.
A trust sale is the sale of property or assets by a trust. The other options confuse the legal term with the everyday meaning of 'trust'.
Make it your own
Write a sentence using “trust sale”, then check it and compare it with the examples above.