DEFINITION of 'Trust'. A fiduciary relationship in which one party, known as a trustor, gives another party, the trustee, the right to hold title to property or assets for the benefit of a third party, the beneficiary. There are two types of trusts: 1. Living Trust (inter-vivos): A trust that is in effect during the trustor's lifetime. 2.
1. deteriorate-become worse or disintegrate; His mind deteriorated. go to pot, go to the dogs-become ruined; His business went to pot when economy soured. decay, dilapidate, crumble-fall into decay or ruin; The unoccupied house started to decay.
Definition of degradation for English Language Learners. : 1  the act or process of damaging or ruining something. : 2  the act of treating someone or something poorly and without respect.