Definitions
from Wiktionary, Creative Commons Attribution/Share-Alike License.
- noun law A
trust that isimplied in law, under whichproperty 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 WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.
- noun 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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