constructive trust
constructive trust · constructive trusts
A trust created by operation of law where one party takes physical possession of…A trust created by operation of law where one party takes physical possession of property, but is legally required to use that property for the benefit of another party, in the absence of a written agreement.
Meaning
1 sensesA trust created by operation of law where one party takes physical possession of property, but is legally required to use that property for the benefit of another party, in the absence of a written agreement.
More definitions
- a trust created by a court (regardless of the intent of the parties) to benefit a party that has been wrongfully deprived of its rights
Forms
plural: constructive trusts| Singular | constructive trust |
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| Plural | constructive trusts |
regular
Synonyms
1 synonymsClose in meaning
- a trust created by a court (regardless of the intent of the parties) to benefit a party that has been wrongfully deprived of its rights:involuntary trust
Word family
1 related wordsRelatedresulting trust