trust letter meaning

  "trust letter" in a sentence
  • [Economics]
    A document that assigns goods to a bank as security against a loan and enables the borrower to regain title of the goods in order to sell them to pay off the loan.


  1. Linda DiVall, a veteran Republican pollster who is working on the presidential campaign of Texas Sen . Phil Gramm, said the Founders Trust letter indicates that Forbes " is sinking into the common practice of offering people access in exchange for campaign contributions ."

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