Definition - What does Trust Fund mean?
The term "trust fund" can simply be defined as a collection or pool of property, mostly in the form of securities or money. These pools of funds are usually held by a party, such as a parent or a guardian, for the benefit of some other party such as a child.
Justipedia explains Trust Fund
A trust fund can also be explained as the corpus (the principal) of any trust. The principal or the corpus of a trust fund usually consists of its assets, which may sometimes also include any accumulated profits made from the assets of the fund.
Do You Owe Child Support? Here's What You Need to Know