I am enjoying this thread too!
It is good to understand trusts in terms and definitions I agree. But that takes a lot of time and reading. I think it beneficial then to consider trust as a noun and a verb at the same time. I always apply my understanding to redeeming lawful money and endorsement - trust in the Fed; or non-endorsement, avoiding that trust.
I think you have captured the intent of True Name though. The basis of any relationship in trust is always the parties being stable. Relationship is one to another.