Concept of Trust Analysis

Topics: Risk, Fiduciary, Trust Pages: 5 (1453 words) Published: October 27, 2012
Concept of TRUST analysis
Concept: Trust|
Definition: Dictionary, thesauruses, within nursing/medical/behavioral science/social science/other literature, from colleagues| Thi Bui| Oxford English Dictionary: 1) firm belief in the reliability, truth, or ability of someone or something; acceptance of the truth of a statement without evidence or investigation; the state of being responsible for someone or something; a person or duty for which one has responsibility 2) An arrangement whereby a person (a trustee) holds property as its nominal owner for the good of one or more beneficiaries 3) a large company that has or attempts to gain monopolistic control of a market 4) commercial credit 5) a hope or expectationNursing: Confidence that one’s expectations will be met; Defining attributes: consistency, reliability, confidence, and fragility; central to nurse-patient relationships and creating effective and successful caregiving relationships; Also crucial in developing cooperative relationships between nurses and in collaborative relationships between nurses and other health care disciplines (Daly, Speedy & Jackson, 2004, p. 351)Social Sciences: An expectation of beneficent reciprocity from others in risky situations (Foddy & Yamagishi, 2009, p. 17). Different degrees of intensity: 1) minimum expectations of regularity, reasonableness and efficiency 2) morally responsible and honorable conduct, fairness, and justice 3) altruism, disinterestedness, benevolence, and generosity (Smelser & Reed, 2012).Law/Business/Economics: A trust is a situation in which property is vested in someone (a trustee) who is under legally recognized obligations, at least some of which are of a proprietary kind, to handle it in a certain way, and to the exclusion of any personal interest. These obligations may arise either by conscious creation by the previous owner of the property (the settlor), or because some other legally significant circumstances are present (Gardner, 2011, p. 2)Computer Science: The level of confidence that an entity participating in a network system places on another entity of the same system for performing a given task (Furnell, Katsikas, & Lioy, 2008, p. 28).| Dalton, Charlee| confidence, hope, to depend upon, to deliver on credit, to place in one’s care, to permit something without fear, to believe, to rely on, or to extend credit torelationship between parties in which a trustee manages some property while a beneficiary receives benefits from that propertyreference to a business entity that is created to fix prices or create a monopoly, and an unincorporated business organizationfinancial institution or collective investment fundSynonyms: assign, entrust, task, charge, confer, impose, confide, allocate, authorize, empower, commit, consign, delegate, recommend, relegate, repose, allot, invest, and commission. Antonyms: retain, keep, reserve, withhold, possess, receive, occupy, take, and holdopportunity for autonomy, increased knowledge, cooperation, and “moral maturity”| Stella Lee| Decision making; honest and open communication; recognition; optimism; psychological condition; vulnerability; reliability; confident; positive expectations; perceived probabilities; “a psychological state comprising the intention to accept vulnerability based upon positive expectations of intentions or behavior of another”| Phuong Nguyen| According to Hupcey, Penrod, Morse, and Mitcham (2001), “Trust emerges from the identification of a need that cannot be met without the assistance of another and some assessment of the risk involved in relying on the other to meet this need. Trust is a willing dependency on another’s actions, but is limited to the area of need and is subject to overt and covert testing. The outcome of trust is an evaluation of the congruence between expectations of the trusted person and actions (p.290).PyschologyInterpersonal trust: An expectancy held by a group or individual that the word, promise or written...
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