契约型基金本质上是一种信托关系，它赋予受托人充分的自由度和信托资产的控制权，容易产生道德风险。
Contractual fund is a kind of trust relationship, which gives the Trustee much freedom to manage the fund property, it may bring on the moral hazard.
当孩子们21岁的时候可以通过基金信托人那里使用这些基金，但是他们必须到30岁才能自由接触他们所获得资产的三分之一。
The children can apply to fund trustees for cash when they reach 21, but they will have to be 30 before they get free access to a third of their share.
信托的制度功能在于财产转移与财产管理，与此相对应的信托的基本价值取向便是自由与效率。
Since the system function of trust lies in property transfer and property management, the basic value orientation correspondingly falls on freedom and efficiency.
信托的制度功能在于财产转移与财产管理，与此相对应的信托的基本价值取向便是自由与效率。
Since the system function of trust lies in property transfer and property management, the basic value orientation correspondingly falls on freedom and efficiency.
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