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GLOSSARY: TRIBAL...

ISSUE DATE: 07/1998

TRIBAL LAND CLAIM SETTLEMENTS
Settlements of property claims between the Federal government and Indian TRIBES under Public Laws 92-03, 94-89, 94-14, 94-40, 95-33, 96-20, and 93-31.

TRIBAL MEMBER

A person officially recognized by tribal authority as a member of the TRIBE.

TRIBAL MFIP CASE MANAGEMENT

MFIP case management offered for tribal members living in a tribal service area and operated by an Indian tribe.

TRIBE

Any Indian Band, Nation, or other organized Indian group on a RESERVATION and recognized as eligible for Federal Programs because of their status as Indians.

Any Indian Band, Nation, or other organized Indian group on a RESERVATION holding a treaty with a State government.


TRUST

Any arrangement in which a grantor transfers money or property to a trustee(s) with the intention that it be held, managed, or administered by the trustee for the benefit of certain designated persons (beneficiaries). See 0002.69.01 (Glossary: Trust Definitions) for additional definitions related to trusts.

MFIP :Property held by 1 person for the benefit of another.

TRUST AGREEMENT

The legal documentation establishing a TRUST.

TRUST FOR BURIAL

Funds paid or designated in advance for funeral expenses and held in a TRUST.

TRUST FOR CREMATION

Funds paid in advance for funeral expenses and held in a TRUST.

TRUST PRINCIPAL

Property or funds used by a trustor to set up a trust, also called the trust corpus.

TRUSTEE

A person or entity which holds the legal title to money or property for the benefit of another person or persons for certain specified purposes. A trustee may also be a beneficiary if specified in the trust. A trustee has the responsibility to manage the trust's resources and income for the benefit of the beneficiaries according to the terms of the trust and requirements of state law.

MFIP : Person or institution who holds the legal title to property for the benefit or use of another.

TRUSTOR

The person who created a trust; also called a settlor or grantor.

SEE 0002.69.01 (Glossary: Trust Definitions) FOR ADDITIONAL DEFINITIONS RELATED TO TRUSTS.

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