resulting trust
resulting trust · resulting trusts
A trust that is implied in law, under which property entrusted to one party is not to…A trust that is implied in law, under which property entrusted to one party is not to be used for the benefit of that party, but for that party to use for the benefit of a third party.
Meaning
1 sensesA trust that is implied in law, under which property entrusted to one party is not to be used for the benefit of that party, but for that party to use for the benefit of a third party.
More definitions
- a trust created by a court when it is judged that it was the intention of the parties to create a trust
Translations
2 languagesForms
plural: resulting trusts| Singular | resulting trust |
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Word family
1 related wordsRelatedconstructive trust