declaration of trust declaˌration of ˈtrust noun declarations of trust PLURALFORM [countable usually singular] LAW PROPERTY
a statement in which a trustee officially says that property is held for someone:
• As both the husband and the wife have an interest in the property, each should be provided with a copy of any declaration of trust.
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declaration of trust UK US noun [C] LAW
► a document giving a trustee the right to manage money or property for the benefit of someone else
► a document that shows what share of a property is owned by two or more people: »
It is important to record your financial interest in the property, using a declaration of trust.
Financial and business terms. 2012.