- purchase money resulting trust
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purchase money resulting trust see trust
Merriam-Webster’s Dictionary of Law. Merriam-Webster. 1996.
purchase money resulting trust
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Resulting trust — Result Re*sult , v. i. [imp. & p. p. {Resulted}; p. pr. & vb. n. {Resulting}.] [F. r[ e]sulter, fr. L. resultare, resultarum, to spring or leap back, v. intens. fr. resilire. See {Resile}.] 1. To leap back; to rebound. [Obs.] [1913 Webster] The… … The Collaborative International Dictionary of English
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
purchase — Transmission of property from one person to another by voluntary act and agreement, founded on a valuable consideration. Spur Independent School Dist. v. W. A. Holt Co., Tex.Civ.App., 88 S.W.2d 1071, 1073. To own by paying or by promising to pay… … Black'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
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
Resulting — Result Re*sult , v. i. [imp. & p. p. {Resulted}; p. pr. & vb. n. {Resulting}.] [F. r[ e]sulter, fr. L. resultare, resultarum, to spring or leap back, v. intens. fr. resilire. See {Resile}.] 1. To leap back; to rebound. [Obs.] [1913 Webster] The… … The Collaborative International Dictionary of English
Resulting use — Result Re*sult , v. i. [imp. & p. p. {Resulted}; p. pr. & vb. n. {Resulting}.] [F. r[ e]sulter, fr. L. resultare, resultarum, to spring or leap back, v. intens. fr. resilire. See {Resile}.] 1. To leap back; to rebound. [Obs.] [1913 Webster] The… … The Collaborative International Dictionary of English
Quistclose trust — A Quistclose trust is a specific type of trust in common law jurisdictions that arises between a debtor and a creditor, when the debtor undertakes to use the loan in a particular way, and segregates the creditor s money from his general assets.… … Wikipedia
Income trust — An income trust is an investment trust that holds income producing assets. The term also designates a legal entity, capital structure and ownership vehicle for certain assets or businesses. Its shares or trust units are traded on securities… … Wikipedia
Rabbi trust — In the United States a Rabbi trust is a type of trust used by businesses or other entities to defer the taxability to the person or entity receiving (the payee) such payments as employee compensation or purchase payments in the acquisition of… … Wikipedia
