| / English Dictionary |
IMPLIED TRUST
| Pronunciation (US): |  | (GB): | |
I. (noun)
Sense 1
Meaning:
A trust inferred by operation of law
Classified under:
Nouns denoting possession and transfer of possession
Hypernyms ("implied trust" is a kind of...):
trust (something (as property) held by one party (the trustee) for the benefit of another (the beneficiary))
Hyponyms (each of the following is a kind of "implied trust"):
constructive trust; involuntary trust (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)
resulting trust (a trust created by a court when it is judged that it was the intention of the parties to create a trust)
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