from Wiktionary, Creative Commons Attribution/Share-Alike License
- n. 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.
from the GNU version of the Collaborative International Dictionary of English
- intransitive v. a trust raised by implication for the benefit of a party granting an estate. The phrase is also applied to a trust raised by implication for the benefit of a party who advances the purchase money of an estate, etc.
from WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.
- n. a trust created by a court when it is judged that it was the intention of the parties to create a trust
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