fondo fiduciario
The English phrase "trust fund" is translated into Italian as fondo fiduciario.
In Italian legal and financial contexts, fondo fiduciario is the standard term used to describe a trust fund, which refers to property held by a trustee for a beneficiary.
Meaning: property held by a trustee for a beneficiary (noun)
What does it mean word for word?
The term is composed of fondo, meaning "fund" and fiduciario, meaning "fiduciary" or "trust-based".
How does it change in a sentence?
The plural form of this phrase is fondi fiduciari, where both the noun and the adjective are pluralized.
Did you know?
- While fondo fiduciario is the technical term, Italian law historically struggled with the concept of a trust because it conflicted with the principle of sole ownership. To solve this, Italy officially recognized the foreign 'trust' through the Hague Convention of 1973.
- The word fondo in fondo fiduciario also means 'bottom' in Italian. This means the same word used for a financial fund is used to describe the bottom of the ocean or the bottom of a bottle.
- In common Italian speech, people often use the English word 'trust' instead of fondo fiduciario when discussing international finance. Using the English term is frequently seen as more precise in professional banking circles.
Examples in context
- Il patrimonio vincolato garantisce la sicurezza finanziaria delle future generazioni.The trust fund guarantees the financial security of future generations.
- Il nonno ha aperto un fondo fiduciario per i suoi nipoti.Grandfather opened a trust fund for his grandchildren.
- Il fondo fiduciario è gestito da una banca.The trust fund is managed by a bank.
- Ha ricevuto un fondo fiduciario alla sua maggiore età.He received a trust fund upon reaching adulthood.
- Il fondo fiduciario serve per le spese universitarie.The trust fund is for university expenses.
Example conversation
Alessandro and Giulia are discussing financial planning for their children.
- AlessandroVogliamo creare un fondo fiduciario per i bambini.We want to create a trust fund for the children.
- GiuliaÈ un'ottima idea per il loro futuro, Alessandro.It is a great idea for their future, Alessandro.
- AlessandroQuanto denaro dobbiamo versare nel fondo fiduciario?How much money should we put into the trust fund?
- GiuliaDobbiamo decidere insieme l'importo, Giulia.We need to decide on the amount together, Giulia.
