Public trust

Public trust

The concept of the public trust relates back to the origins of democratic government and its seminal idea that within the public lies the true power and future of a society; therefore, whatever "trust" the public places in its officials must be respected.

One of the reasons that bribery is regarded as a notorious evil is that it contributes to a culture of corruption in which the public trust is eroded.

A famous example of the betrayal of public trust is in the story of Julius Caesar, who was killed by Roman senators who believed they had to act drastically to preserve the republic against his alleged monarchical ambitions. It is an interesting concept, nevertheless.

Public Trust is also the name of a public trustee in New Zealand, where a crown entity of that name has taken over the traditional corporation sole in providing government supervised trust services.

ee also

*Public trust doctrine

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Look at other dictionaries:

  • public trust — ➔ trust * * * public trust UK US noun [C] ► an organization that manages money for a particular charity or group of people who are poor or in need of help: »The library is a public trust, funded by the taxpayer. → Compare PRIVATE TRUST(Cf. ↑ …   Financial and business terms

  • Public trust — Le Public trust est un système créé en Angleterre après la Glorieuse Révolution, dans le cadre de la révolution financière britannique, pour gérer des services relevant de l intérêt général ou produisant des biens publics, en particulier dans le… …   Wikipédia en Français

  • public trust doctrine — n: a doctrine asserting that the state holds land lying beneath navigable waters as trustee of a public trust for the benefit of its citizens Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. public trust doctrine …   Law dictionary

  • Public trust doctrine — The public trust doctrine is the principle that certain resources are preserved for public use, and that the government is required to maintain it for the public s reasonable use.OriginsThe ancient laws of the Roman Emperor Justinian held that… …   Wikipedia

  • public trust — A charitable trust. A public office. See charitable trust …   Ballentine's law dictionary

  • public trust — noun a trust created for charitable or religious or educational or scientific purposes • Syn: ↑charitable trust • Hypernyms: ↑trust …   Useful english dictionary

  • public trust. — See charitable trust. * * * …   Universalium

  • public trust. — See charitable trust …   Useful english dictionary

  • public trust doctrine — Provides that submerged and submersible lands are preserved for public use in navigation, fishing and recreation and state, as trustee for the people, bears responsibility of preserving and protecting the right of the public to the use of the… …   Black's law dictionary

  • abuse of public trust — index corruption Burton s Legal Thesaurus. William C. Burton. 2006 …   Law dictionary

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