corporate trust

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Definition of "Corporate Trust":
A "corporate trust" is a group of independent companies that come together to work as one. They do this to control how a product or service is made and sold. By working together, they aim to reduce competition among themselves and can sometimes gain complete control over a market, which is known as a monopoly.

Usage Instructions:

• Part of Speech: Noun
• How to Use in Sentences: You can say things like "The corporate trust was created to manage the production of the new technology," or "They formed a corporate trust to dominate the market."

Example:

• "In the early 1900s, several oil companies formed a corporate trust to control oil prices."

Advanced Usage:

In a more complex context, you might discuss the legal implications of corporate trusts, such as how they can lead to anti-competitive practices, which are often examined by government regulators.

Word Variants:

• Corporate (adjective): Related to a corporation or large company.

  • Example: "The corporate office is located downtown."

• Trust (noun): A legal arrangement where one party holds property for the benefit of another.

  • Example: "She set up a trust to manage her children's inheritance."

Different Meanings:

• Trust (in a different context): The term "trust" can also refer to a feeling of confidence in someone or something.
  • Example: "I have trust in my best friend to keep my secret."

Synonyms:

• Consortium: A group formed to work together for a specific purpose.
• Monopoly: When one company has complete control over a product or service in the market.

Idioms and Phrasal Verbs:

• "Trust in numbers": This idiom means that data or statistics can provide a reliable basis for decisions.
• "Put your trust in": To have confidence in someone or something.
  • Example: "You can put your trust in this company; they have a good reputation."

Conclusion:

Understanding "corporate trust" is important for grasping how businesses can work together to control markets.

Academic

Noun

1. a consortium of independent organizations formed to limit competition by controlling the production and distribution of a product or service
   • they set up the trust in the hope of gaining a monopoly

Synonyms

• trust
• combine
• cartel