LF171 Trust (CDQ)

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Business partner/legal form/category/technical key/LF171
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Technical key Defines a unique key by which e.g. data model concepts can be referenced in a technical integration context. These keys are unique in the CDL context. LF171
Name Name of a concept, e.g. a data model concept. In contrast to terms, the name does not depend on a given context, e.g. a country-specific language. Trust
Short name Defines the name of a concept. Consits of “Country or Subdivision” + “Registry name” Trust
Description Informal and comprehensive human-readable definition of a concept. A legal entity created to hold and manage assets on behalf of beneficiaries. A trust is established by a settlor who transfers assets to a trustee, who then manages and administers those assets according to the terms of the trust deed or agreement. Trusts allow for asset protection, estate planning, and the distribution of wealth to beneficiaries. They are governed by trust law and provide a mechanism for managing assets, protecting the interests of beneficiaries, and avoiding probate or estate-related complications.
Part of Hierarchical relation between two concepts of the CDQ Data Model. CDQ Data Model
Parent concept Hierarchical relation between two concepts of a data model, e.g., the CDQ Data Model. Business_partner/legal_form/category/technical_key
Mappings mapping source: CT (SAP.ODM), mapping: SAP.ODM CTLF171

Legal forms in this category