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    • Join Date: Dec 2008
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    #1

    About the meaning of the sentence

    The trusts, called Voluntary Employees Beneficiary Association, were to last at least 80 years.
    1. I understood trust as an money. Is that correct in this sentence?
    2. What'trusts,called Voluntary Employees Beneficiary Association" mean? Does it mean " trusts,which were called Voluntary Employees Beneficiary Association'? or the trusts,which called by Voluntary Employees Beneficiary Association? If it the first version is right, why the trusts called Association( I think it is like a union and a trust is a money)
    3. In this sentence, does 'called' mean "named"?
    4. What does were to last mean?

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    #2

    Exclamation Re: About the meaning of the sentence

    Quote Originally Posted by Undak View Post
    The trusts, called Voluntary Employees Beneficiary Association, were to last at least 80 years.
    1. I understood trust as an money. Is that correct in this sentence?
    2. What'trusts,called Voluntary Employees Beneficiary Association" mean? Does it mean " trusts,which were called Voluntary Employees Beneficiary Association'? or the trusts,which called by Voluntary Employees Beneficiary Association? If it the first version is right, why the trusts called Association( I think it is like a union and a trust is a money)
    3. In this sentence, does 'called' mean "named"?
    4. What does were to last mean?
    1. Your understanding of “Trust” need to change completely, because Trust is not money. Basically the meaning of trust is complete faith but it has different applications based on faith. Here are some with examples.
    It is something may be some property held by one party (called the trustee) for the benefit of another (the beneficiary). In other words, a legal contract where property owned by one person or group is held and managed for some one else:
    Examples: When the rich man died, his estate went into a trust managed by a bank for his children.
    He is the beneficiary of a generous trust set up by his father.
    It can be a consortium of independent organizations formed to limit competition by controlling the production and distribution of a product or service
    Examples: They set up the trust in the hope of gaining a monopoly.
    Complete confidence in a person or plan or confidence in the honesty and reliability of some one or something:
    Examples: I have complete trust in his ability to keep a secret
    The doctor-patient relationship is based on trust.
    He betrayed their trust.
    Last edited by sarat_106; 08-Feb-2009 at 17:24.

  1. RonBee's Avatar
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    #3

    Re: About the meaning of the sentence

    Quote Originally Posted by sarat_106 View Post
    It is something may be some property held by one party (called the trustee) for the benefit of another (the beneficiary). In other words, a legal contract where property owned by one person or group is held and managed for some one else:
    Examples: When the rich man died, his estate went into a trust managed by a bank for his children.
    He is the beneficiary of a generous trust set up by his father.
    That is the meaning of "trust" here. It is a financial arrangement.


  2. RonBee's Avatar
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    #4

    Re: About the meaning of the sentence



    • Join Date: Feb 2009
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    #5

    Re: About the meaning of the sentence

    'Trust' in this context refers to an organisation that uses the money it holds in its trust for humanitarian purposes. VEBA is the name that all these organisations are collectively called by.
    'Were to last' means 'were destined to last', and is a common way of talking about events that we know happened in the future from a past-time point of view.

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