from Wiktionary, Creative Commons Attribution/Share-Alike License.
- noun A
trustcreated by operation of lawwhere one party takes physical possessionof property, but is legally required to use that property for the benefit of another party, in the absence of a written agreement.
from WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.
- noun 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
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