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Difference between In trust and On trust

in trust—(of money) held or invested for a person by another individual or an organization:

  • His mother’s money was left in trust for him to acquire at the age of twenty-five.

on trust

1. (of declarations, etc.) accept without asking for proof:

  • Official statements are no longer taken on trust. The phenomenon is called the “credibility gap.”

2. on credit:

  • The man who purchases on trust not only pays for the trust, but he also pays his due share of what the tradesman loses by trust.