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词汇 trust certificate
释义

Definition of trust certificate in English:

trust certificate

noun

  • A negotiable certificate issued by the governing board of a trust which entitles the holder to all dividends belonging to the shares which it represents, but gives him or her no voting power within the trust.

Origin

Early 18th century; earliest use found in Bermingham & Others Paupers: Appellants Case.

Definition of trust certificate in US English:

trust certificate

noun

  • A negotiable certificate issued by the governing board of a trust which entitles the holder to all dividends belonging to the shares which it represents, but gives him or her no voting power within the trust.

Origin

Early 18th century; earliest use found in Bermingham & Others Paupers: Appellants Case.
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