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 manages and disposes it in his own name 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. It constitutes a modern financial system with banks, insurance and securities.
Second, trust is a 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 person (beneficiary) according to the contract or will, and the trustee occupies, manages and uses the trust property according to the prescribed conditions and scope, and disposes of its income.
Third, because trust is a legal act, its definition varies greatly in countries with different legal systems. There have been many different definitions of trust in history, but today, people have not reached a complete understanding of the definition of trust.
4. With the continuous development of the economy and the further improvement of the legal system, China promulgated the Trust Law of People's Republic of China (PRC) in 200 1 (Xinsi Year), which completely defined the concept of trust: the term "trust" in this law means that the client entrusts his property rights to the trustee, and the trustee takes his own name as the beneficiary according to the wishes of the client. (Article 2 of People's Republic of China (PRC) Trust Law issued by 200 1).
5. Trust property refers to the property that the trustor transfers 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, patents and trademarks, reputation, etc. There are even some natural rights (such as a will made before death, which creates a natural right for the beneficiary).
6. Trust remuneration refers to the remuneration obtained by the trust department as the trustee after handling the trust affairs. Trust returns are mainly in the form of handling fees, but there are also some differences between deposits and loans. The amount of trust remuneration shall be determined by the trustor and the trustee through consultation according to the amount of labor paid by the trustee and the role played by the trustee in the credit intermediary.