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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.
Definition source: English Wiktionary via Wiktextract
Topics: law
No example sentence was provided for this meaning.
Meaning relationships
Synonyms: none provided
Antonyms: none provided
a trust created by a court when it is judged that it was the intention of the parties to create a trust
Definition source: Princeton WordNet 3.0
No example sentence was provided for this meaning.
Meaning relationships
Synonyms: none provided
Antonyms: none provided
Broader terms: implied trust
No etymology was provided for this word.
Across languages
Translations
1 source translations are retained for this English entry.
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Spanish:
fideicomiso presuntivo
— 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