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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.
Definition source: English Wiktionary via Wiktextract
No example sentence was provided for this meaning.
Meaning relationships
Synonyms: none provided
Antonyms: none provided
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
Definition source: Princeton WordNet 3.0
No example sentence was provided for this meaning.
Meaning relationships
Synonyms: involuntary trust
Antonyms: none provided
Broader terms: implied trust
No etymology was provided for this word.