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.
A king may become a tyrant, although legitimate, when he acts despotically; while a usurper may cease to be a tyrant by governing according to the dictates of justice. 3. This term is sometimes applied to persons in authority who violate the laws and act arbitrarily towards others. Vide Despotism.