1. Trust refers to the act that the trustor entrusts his property right to the trustee based on his trust in the trustee, and the trustee will manage and dispose of it in his own name according to the wishes of the trustor for the benefit of the beneficiary or for a specific purpose. Trust is a way of financial management, a special property management system and legal behavior, and also a financial system; Together with banks, insurance and securities, it constitutes a modern financial system.
second, trust is credit entrustment. Trust business is that the trustor transfers the property rights to the trustee (natural person or legal person) for the benefit of himself or a third party (beneficiary) according to the provisions of the contract or will, and the trustee occupies, manages and uses the trust property according to the prescribed conditions and scope, and handles its income.
Third, because trust is a legal act, its definition is quite different in countries with different legal systems. There have been many different definitions of trust in history, but up to now, people have not reached a complete understanding of the definition of trust.
4. With the continuous development of economy and the further improvement of legal system, China promulgated the Trust Law of the People's Republic of China in 21 (Xinsi Year), which completely defined the concept of trust: the term trust as mentioned in this law means that the trustor entrusts its property rights to the trustee based on his trust in the trustee, and the trustee will act as the beneficiary in his own name according to the wishes of the trustor. (Article 2 of the Trust Law of the People's Republic of China promulgated in 21).
5. Trust property refers to the property transferred from the trustor to the trustee through trust behavior. Trust property includes tangible property, such as stocks, bonds, goods, land, houses and bank deposits; intangible property, such as insurance policies, patent rights and trademarks, reputation, etc., and even some natural rights and interests (for example, a will made before death creates a natural right for the beneficiary).
VI. Trust remuneration refers to the remuneration obtained by the trust department as the trustee after handling trust affairs. Trust rewards are mainly in the form of handling fees, but there are also a few differences between deposits and loans. The amount of trust remuneration, according to the amount of labor paid by the trustee and the role played by the trustee in the credit intermediary, shall be decided by both the principal and the trustee through consultation.