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trust

anti-competitive large grouping of business interests; a large corporation, corporate group, or trade association that holds a dominant position in its sector of activity

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About trust

A trust or corporate trust is a large grouping of business interests with significant market power, which may be embodied as a corporation or as a group of corporations that cooperate with one another in various ways. These ways can include constituting a trade association, owning participating interests in one another, constituting a corporate group, or combinations thereof. The term trust is often used in a historical sense to refer to monopolies or near-monopolies in the United States during the Second Industrial Revolution in the 19th century and early 20th century. The use of corporate trusts during this period is the historical reason for the name "antitrust law".

Facts from Wikidata (CC0). Image by John Moody via Wikimedia Commons (Public domain).

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