Contract vs Trust - What's the difference?
contract | trust |
An agreement between two or more parties, to perform a specific job or work order, often temporary or of fixed duration and usually governed by a written agreement.
* {{quote-magazine, date=2013-08-10, volume=408, issue=8848, magazine=(The Economist), author=Lexington
, title= (legal) An agreement which the law will enforce in some way. A legally binding contract must contain at least one promise, i.e., a commitment or offer, by an offeror to and accepted by an offeree to do something in the future. A contract is thus executory rather than executed.
(legal) A part of legal studies dealing with laws and jurisdiction related to contracts.
(informal) An order, usually given to a hired assassin, to kill someone.
(bridge) The declarer's undertaking to win the number of tricks bid with a stated suit as trump.
(obsolete) Contracted; affianced; betrothed.
(obsolete) Not abstract; concrete.
* Robert Recorde, , 1557:
(ambitransitive) To draw together or nearer; to shorten, narrow, or lessen.
* Wordsworth
* Dr. H. More
(grammar) To shorten by omitting a letter or letters or by reducing two or more vowels or syllables to one.
To enter into a contract with. (rfex)
To enter into, with mutual obligations; to make a bargain or covenant for.
* Hakluyt
* Strype
To make an agreement or contract; to covenant; to agree; to bargain.
To bring on; to incur; to acquire.
* Alexander Pope
* Jonathan Swift
To gain or acquire (an illness).
* 1999 , Davidson C. Umeh, Protect Your Life: A Health Handbook for Law Enforcement Professionals (page 69)
To draw together so as to wrinkle; to knit.
* Shakespeare
To betroth; to affiance.
* Shakespeare
Confidence in or reliance on some person or quality.
* John Locke
Dependence upon something in the future; hope.
Confidence in the future payment for goods or services supplied; credit.
That which is committed or entrusted; something received in confidence; a charge.
That upon which confidence is reposed; ground of reliance; hope.
* Bible, Psalms, lxxi. 5
(rare) Trustworthiness, reliability.
The condition or obligation of one to whom anything is confided; responsible charge or office.
* Shakespeare
* Denham
(legal) The confidence vested in a person who has legal ownership of a property to manage for the benefit of another.
(legal) An estate devised or granted in confidence that the devisee or grantee shall convey it, or dispose of the profits, at the will, or for the benefit, of another; an estate held for the use of another.
A group of businessmen or traders organised for mutual benefit to produce and distribute specific commodities or services, and managed by a central body of trustees.
(computing) Affirmation of the access rights of a user of a computer system.
To place confidence in; to rely on, to confide, or repose faith, in.
* (rfdate)
* (rfdate)
To give credence to; to believe; to credit.
* (rfdate)
To hope confidently; to believe; usually with a phrase or infinitive clause as the object.
* (rfdate) 2 John 12.
* (rfdate) Heb. xiii. 18.
to show confidence in a person by intrusting (him) with something.
* (rfdate) .
To commit, as to one's care; to intrust.
* (rfdate) .
To give credit to; to sell to upon credit, or in confidence of future payment.
* Johnson
To risk; to venture confidently.
* (rfdate)
To have trust; to be credulous; to be won to confidence; to confide.
* (rfdate)
To be confident, as of something future; to hope.
* (rfdate) Isa. xii. 2
To sell or deliver anything in reliance upon a promise of payment; to give credit.
* (rfdate) Johnson
In lang=en terms the difference between contract and trust
is that contract is a part of legal studies dealing with laws and jurisdiction related to contracts while trust is an estate devised or granted in confidence that the devisee or grantee shall convey it, or dispose of the profits, at the will, or for the benefit, of another; an estate held for the use of another.In obsolete terms the difference between contract and trust
is that contract is not abstract; concrete while trust is faithful, dependable.In transitive terms the difference between contract and trust
is that contract is to gain or acquire (an illness) while trust is to risk; to venture confidently.In intransitive terms the difference between contract and trust
is that contract is to make an agreement or contract; to covenant; to agree; to bargain while trust is to sell or deliver anything in reliance upon a promise of payment; to give credit.contract
English
(wikipedia contract)Etymology 1
From (etyl), from (etyl) contract, from (etyl) contractum, past participle of .Noun
(en noun)Keeping the mighty honest, passage=British journalists shun complete respectability, feeling a duty to be ready to savage the mighty, or rummage through their bins. Elsewhere in Europe, government contracts and subsidies ensure that press barons will only defy the mighty so far.}}
Hypernyms
* (agreement that is legally binding) agreementHyponyms
* (agreement that is legally binding) bailmentDerived terms
* contractual * fixed-term contract * contract of employmentAdjective
(-)- (Shakespeare)
- But now in eche kinde of these, there are certaine nombers named Ab?tracte'': and other called nombers ''Contracte .
Etymology 2
From (etyl), from (etyl) contracter, from (etyl) contractum, past participle of . the verb developed after the noun, and originally meant only "draw together"; the sense "make a contract with" developed later.Verb
(en verb)- The snail's body contracted into its shell.
- to contract one's sphere of action
- Years contracting to a moment.
- In all things desuetude doth contract and narrow our faculties.
- The word "cannot" is often contracted into "can't".
- We have contracted an inviolable amity, peace, and league with the aforesaid queen.
- Many persons prohibited by law.
- to contract for carrying the mail
- She contracted the habit of smoking in her teens.
- to contract a debt
- Each from each contract new strength and light.
- Such behaviour we contract by having much conversed with persons of high stature.
- An officer contracted hepatitis B and died after handling the blood-soaked clothing of a homicide victim
- Thou didst contract and purse thy brow.
- The truth is, she and I, long since contracted , / Are now so sure, that nothing can dissolve us.
Synonyms
* (lessen) abate, decrease, lessen, reduce * (shorten) shorten, shrink * catch, getAntonyms
* (lessen) increase, expand * (shorten) grow, lengthentrust
English
Noun
(en noun)- He needs to regain her trust if he is ever going to win her back.
- Most take things upon trust .
- 1671', O ever-failing '''trust / In mortal strength! — John Milton, ''Samson Agonistes
- 1611', Such '''trust have we through Christ. — ''Authorised Version , 2 Corinthians iii:4.
- I was out of cash, but the landlady let me have it on trust .
- O Lord God, thou art my trust from my youth.
- [I] serve him truly that will put me in trust .
- Reward them well, if they observe their trust .
- I put the house into my sister's trust .
Synonyms
* belief * confidence * expectation * faith * hopeAntonyms
* mistrustDerived terms
* beef trust * brain trust * brains trust * constructive trust * honorary trust * partial trust * remainder trust * resulting trust * spendthrift trust * trust fall * trust fund * trust territory * trustworthyVerb
(en verb)- We cannot trust anyone who deceives us.
- In God We Trust - written on denominations of US currency
- I will never trust his word after.
- He that trusts every one without reserve will at last be deceived.
- Trust me, you look well.
- I trust to come unto you, and speak face to face.
- We trust we have a good conscience.
- I trust you have cleaned your room?
- Whom, with your power and fortune, sir, you trust , Now to suspect is vain.''
- Merchants were not willing to trust precious cargoes to any custody but that of a man-of-war.
- Merchants and manufacturers trust their customers annually with goods.
- It is happier sometimes to be cheated than not to trust .
- [Beguiled] by thee to trust thee from my side.
- More to know could not be more to trust .
- I will trust and not be afraid.
- It is happier sometimes to be cheated than not to trust .