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.
Noun[edit] despot â(plural despots) 1  A ruler with absolute power; a tyrant. ( historical) A title awarded to senior members of the imperial family in the late Byzantine Empire, and claimed by various independent or semi-autonomous rulers in the Balkans (12th to 15th centuries)