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.
Corrosion is the destructive attack of a material by reaction with its environment. The serious consequences of the corrosion process have become a problem of worldwide significance. In addition to our everyday encounters with this form of degradation, corrosion causes plant shutdowns, waste of valuable resources, loss or contamination of product, reduction in efficiency, costly maintenance, and expensive overdesign. It can also jeopardize safety and inhibit technological progress. Corrosion is the atmospheric oxidation of metals. That means that oxygen combines with the metal and forms a new layer. This layer can be good or bad. By far the most important form of corrosion is the rusting of iron and steel.