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.
Metal corrosion is the deterioration of the metal by. chemical or electrochemical attack. This type of dam-. age can take place internally as well as on the sur-. face. As in the rotting of wood, this deterioration may. change the smooth surface, weaken the interior, or. damage or loosen adjacent parts.