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.
Posted on July 6, 2015 at 7:07 PM. Enlightened absolutism is sometimes called enlightened despotism. An absolute ruler or despot is someone who believes that the ruler should have all the power and no one should have any right to question or challenge what the ruler does. Generally, despot is a negative term. An enlightened despot was one who bought into at least some of the ideas of the Enlightenment.