Scottish National Dictionary (1700–)
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About this entry:
First published 1974 (SND Vol. IX).
This entry has not been updated since then but may contain minor corrections and revisions.
TRUST, n. Sc. usages:
1. Credit. Also in colloq. Eng. Hence trustman, a creditor.Fif. 1731 Caled. Mercury (30 Aug.):
Buyers will have Trust to the First of March, upon giving a Bill and a Cautioner.Edb. 1821 W. Liddle Poems 95, 148:
Their memory's next the trustman's loss . . . Whene'er they gang to hunt for trust.
2. Deriv. truster in Sc. Law: one who sets up a trust for the administration of property or funds.Sc. 1801 Morison Decisions Adjudication App. No. 11:
Trusts may also be granted for creditors or for interim management during the truster's life. In either of these cases the radical right and title of property remains with the truster.Sc. 1888 Encycl. Britannica XXIII. 597:
The term truster is not used, as it is in Scotland, to denote the creator of the trust.Sc. 1927 Gloag & Henderson Intro. Law Scot. 496:
Where . . . the trust is an inter vivos one, the truster retains a reversionary interest in the trust-estate, which is frequently described as the “radical right” in the property.
