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)

Credits