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Resulting trust

💡 Words with a Similar Meaning to "Resulting trust"

Found via reverse dictionary — words that share a conceptual meaning.

WordDefinition
trustnounConfidence in or reliance on some person or quality.
constructive trustnounA trust created by operation of law where one party takes physical possession of property, but is legally required to use that property for the benefit of another party, in the absence of a written agreement.
trusteenoun(trust law) A person to whom property is legally committed in trust, to be applied either for the benefit of specified individuals (beneficiaries), or for public uses; one who is intrusted with property for the benefit of another.
trust lawnoun(law) A body of law regulating the legal instrument for holding wealth known as a trust.
bare trustnounA trust whose beneficiary has a right to both income and capital and may call for both to be remitted into his/her own name.
remainder trustnoun(law) A trust which is funded by the remainder of the trustors estate left over after all specific bequests have been funded.
usesnoun(law) A form of equitable ownership peculiar to English law, by which one person enjoys the profits of lands, etc. whose legal title is vested in another in trust.
trust fundnounLoosely, a substantial inheritance of money.
honorary trustnoun(law) A device by which a person establishes a trust for which there is neither a charitable purpose, nor a private beneficiary to enforce the trust (such as a trust for the care of pets or maintenance of cemetery plots), for which trustee is bound by honor, but not by law, to carry out the wishes of the trustor.
quistclose trustnoun(law) A trust created where a creditor has lent money to a debtor for a particular purpose. If the debtor uses the money for other purposes, it is held on trust for the creditor. Any inappropriately spent money can then be traced and returned to the creditor.
cestui que trustnoun(law) One who has the equitable and beneficial interest in property, the legal interest in which is vested in a trustee.
cestuy que trustnounAlternative form of cestui que trust. [(law) One who has the equitable and beneficial interest in property, the legal interest in which is vested in a trustee.]
legal fictionnounAn assumption, not necessarily true, made by a court in order to apply a legal rule.
quasi-contractnoun(law) An obligation created by the law in the absence of an agreement or contract; not based upon the intentions or expressions of the parties.
spendthrift trustnoun(law) A trust that is created for the benefit of a person (often because that beneficiary is unable to control spending) that gives an independent trustee full authority to make decisions as to how the trust funds may be spent for the benefit of the beneficiary, thus keeping the funds in the trust beyond the reach of creditors.
trusteeshipnoun(law) Office or function of a trustee.
charitable trustnounA trust established for charitable purposes.
trust deednoun(law) A deed conveying property to a trustee, for some specific use.
implied consentnounThe assumed agreement that a person would approve a course of action if asked, when that person is not presently able to be asked.
privitynoun(law) A relationship between parties seen as being a result of their mutual interest or participation in a given transaction, e.g. contract, estate, etc.

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