GLOSSARY OF TRUST

A trust is a fiduciary relationship in which one party, known as a trustor, gives another party,
the trustee, the right to hold title to property or assets for the benefit of a third party, the beneficiary.
In finance, it can also be a type of closed-end collective investment fund built as a public limited
company.
Assets that have been placed into a fiduciary relationship between a trustor and trustee for a
beneficiary. Trust property may include any type of asset, such as cash, securities, real estate or life
insurance policies.
Trusts are an estate planning tool used to facilitate the transfer of assets and to reduce tax liability.
Some trusts can also protect assets in the event of a bankruptcy or lawsuit. Trusts help to preserve
the full value of assets and ensure that those assets are distributed to their intended recipients. The
trustee is required to manage the trust property in accordance with the trustor's wishes, the
beneficiary's best interests and the rules of the specific type of trust that has been established.

FIDEICOMISO: TRUST (FIDUCIARY RELATIONSHIP)

FIDEICOMITENTE/ FIDUCIANTE: TRUSTOR (OR GRANTOR)
FIDUCIARIO: TRUSTEE (FIDUCIARY IS A BROADER TERM, BUT COULD BE USED)
BENEFICIARIO: BENEFICIARY (THIRD PARTY)
FIDEICOMISARIO: TRUST BENEFICIARY (1) SOMETIMES TRUSTEE. 2) BENEFICIARY
AND TRUST BENEFICIARY CAN BE THE SAME OR A DIFFERENT PERSON)
BIENES: PROPERTY\
PATRIMONIO FIDEICOMITIDO: TRUST PROPERTY: E.G. ASSETS, CASH, SECURITIES,
REAL ESTATE OF LIVE INSURANCE POLICIES.
APODERADO: AGENT OR ATTORNEY IN FACT
DELEGADO FIDUCIARIO: OFFICER TRUST
ACCION REPARATORIA: COMPENSATORY DAMAGES
CAUSAHABIENTE: SUCCESSORS
DEFENSA DEL PATROMINO EN FIDEICOMISO: DEFENSE OF TRUST PROPERTY
LEGITIMIDAD DE TITILO DE PROPIEDAD: LEGALITY OF TITLE (TITLE IS THE
OWNERSHIP AND DEED IS THE DOCUMENT)
RESPONSABILIDAD CIVIL: CIVIL LIABILITY
INSCRIPCION: DEED RECORDING/ REGISTRY (DEPENDING ON SYSTEM)
REGISTRO PUBLICO: RECORDER OF DEEDS/ RECORDERS OFFICE/ REGISTRY OFFICE
(DEPENDING ON SYSTEM)

LIBERAR DE RESPONSABILIDAD: DISCHARGE FROM LIABILITY

INSTRUMENTO: INSTRUMENT (GENERAL) OR DEED (TITLE TO OWNERSHIP)