implied trust — ➔ trust * * * implied trust UK US noun [C or U] LAW ► a type of trust (= a legal arrangement in which someone is given control over another person s money or property) that a court decides it was someone s intention to create, although it was not … Financial and business terms
implied trust — noun a trust inferred by operation of law • Hypernyms: ↑trust • Hyponyms: ↑constructive trust, ↑involuntary trust, ↑resulting trust * * * noun 1. : a trust created by operation of law for reasons based on considerations of … Useful english dictionary
implied trust — A trust which comes into existence through the application of intention to create a trust as a matter of law. A term also used for what is really a constructive trust, a trust by operation of law irrespective of and even contrary to the intention … Ballentine's law dictionary
trust — n 1 a: a fiduciary relationship in which one party holds legal title to another s property for the benefit of a party who holds equitable title to the property b: an entity resulting from the establishment of such a relationship see also… … Law dictionary
implied — im·plied /im plīd/ adj: not directly or specifically made known (as in the terms of a contract); specif: recognized (as by a court) as existing by reason of an inference and esp. on legal or equitable grounds for breach of implied covenants in… … Law dictionary
trust — A legal entity created by a grantor for the benefit of designated beneficiaries under the laws of the state and the valid trust instrument. The trustee holds a fiduciary responsibility to manage the trust s corpus assets and income for the… … Black's law dictionary
Trust law — In common law legal systems, a trust is an arrangement whereby property (including real, tangible and intangible) is managed by one person (or persons, or organizations) for the benefit of another. A trust is created by a settlor, who entrusts… … Wikipedia
trust — A fiduciary relationship calling for a trustee to hold the title to assets for the benefit of the beneficiary. The person creating the trust, who may or may not also be the beneficiary, is called the grantor. Bloomberg Financial Dictionary See… … Financial and business terms
trust — trustable, adj. trustability, n. truster, n. /trust/, n. 1. reliance on the integrity, strength, ability, surety, etc., of a person or thing; confidence. 2. confident expectation of something; hope. 3. confidence in the certainty of future… … Universalium
implied use — An implied trust. See implied license … Ballentine's law dictionary
