The Trusts Act, 1882

An obligation annexed to the ownership of property, and arising out of a confidence reposed in and accepted by the owner, or declared and accepted by him, for the benefit of another, or of another and the owner.

A contract between two or more persons, whereby one person transfers property to another person, who agrees to hold the property for the benefit of the first person.

A legal relationship in which one person holds property for the benefit of another person.

A gift of property from one person to another.