(chiefly US) Originally, a group of experts who advise a government, often informally. / More recently, any group of experts assembled to give advice.

(law) A form of trust created where one party (the settlor of the trust) places money in a bank account or security with instructions that, upon the settlor's death, whatever is in that account will pass to a named beneficiary.

(law) A device by which a person establishes a trust for which there is neither a charitable purpose, nor a private beneficiary to enforce the trust (such as a trust for the care of pets or maintenance of cemetery plots), for which trustee is bound by honor, but not by law, to carry out the wishes of the trustor.

(law) A trust which is funded by the remainder of the trustors estate left over after all specific bequests have been funded.

(law) A trust that is implied in law, under which property entrusted to one party is not to be used for the benefit of that party, but for that party to use for the benefit of a third party.

A trust created by operation of law where one party takes physical possession of property, but is legally required to use that property for the benefit of another party, in the absence of a written agreement.

(law) Property held by a trustee in a trust established by a grantor for a beneficiary. / Loosely, a substantial inheritance of money.

plural of trust fund

(law) A trust that is created for the benefit of a person (often because that beneficiary is unable to control spending) that gives an independent trustee full authority to make decisions as to how the trust funds may be spent for the benefit of the beneficiary, thus keeping the funds in the trust beyond the reach of creditors.

(US slang) A group of overweight or obese people.