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.
nepotism - favoritism shown to relatives or close friends by those in power (as by giving them jobs) discrimination, favoritism, favouritism - unfair treatment of a person or group on the basis of prejudice. noun favouritism, bias, patronage, preferential treatment, partiality They protested at what they described as nepotism and corruption in the government.