Trust is defined as the belief in the integrity, character, and ability of a leader. Followers who trust a leader are willing to be vulnerable to the leader’s actions because they are confident that their rights and interests will not be abused. Research has identified five dimensions that make up the concept of trust.
- Integrity – honesty and truthfulness
- Competence – technical and interper4sonal knowledge and skills.
- Loyalty – willingness to protect a person, physically and emotionally
- Openness – willingness to share ideas and information freely
Trust is an arrangement in which property is legally transferred to a trustee who manages it for the benefit of named beneficiaries for their security and to insure competent management of estate property.
A legal entity set up to hold and manage assets for a designated beneficiary. Funds in a trust are typically invested in stocks, bonds, real estate, and other investments.
Webster Dictionary Meaning
- Credit given; especially, delivery of property or merchandise in reliance upon future payment; exchange without immediate receipt of an equivalent; as, to sell or buy goods on trust.
- Assured anticipation; dependence upon something future or contingent, as if present or actual; hope; belief.
- That which is committed or intrusted to one; something received in confidence; charge; deposit.
- The condition or obligation of one to whom anything is confided; responsible charge or office.
- That upon which confidence is reposed; ground of reliance; hope.
- An estate devised or granted in confidence that the devisee or grantee shall convey it, or dispose of the profits, at the will, or for the benefit, of another; an estate held for the use of another; a confidence respecting property reposed in one person, who is termed the trustee, for the benefit of another, who is called the cestui que trust.
- An organization formed mainly for the purpose of regulating the supply and price of commodities, etc.; as, a sugar trust.
- To place confidence in; to rely on, to confide, or repose faith, in; as, we can not trust those who have deceived us.
- To give credence to; to believe; to credit.
- To hope confidently; to believe; -- usually with a phrase or infinitive clause as the object.
- to show confidence in a person by intrusting (him) with something.
- To commit, as to one's care; to intrust.
- To give credit to; to sell to upon credit, or in confidence of future payment; as, merchants and manufacturers trust their customers annually with goods.
- To risk; to venture confidently.
- To be confident, as of something future; to hope.
- To sell or deliver anything in reliance upon a promise of payment; to give credit.
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