Under Declaration of Trust. UDT is an abbreviation for âunder declaration of trust,â which is the legal language used in some trust instruments to indicate that the grantor is both creating the trust and controlling its assets. When a trust is created under declaration of trust, the grantor and the trustee are the same party.
Definition of despot for English Language Learners. : a ruler who has total power and who often uses that power in cruel and unfair ways.
despot (ËdÉspÉt) n 1. (Government, Politics & Diplomacy) an absolute or tyrannical ruler; autocrat or tyrant 2. any person in power who acts tyrannically 3. (Historical Terms) a title borne by numerous persons of rank in the later Roman, Byzantine, and Ottoman Empires: the despot of Servia. desâ¢pot (ËdÉs pÉt, -pÉt) n. 1. a king or other ruler with absolute, unlimited power; autocrat. 2. any tyrant or oppressor. 3. a title applied to a Byzantine emperor, and later to Byzantine vassal rulers and governors.