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 is defined as: patronage bestowed or favoritism shown on the basis of family relationship, as in business and politics. Technically, the opposite of nepotism would â¦ be anti-nepotism or an anti-nepotism policy. Although not an absolute opposite, the word meritocracy is defined as A system in which advancement is based on individual ability or achievement. which is sufficiently contrasting to the meaning of nepotism.