implied trust

Also found in: Thesaurus, Wikipedia.
Related to implied trust: inter vivos trust, resulting trust, express trust
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.implied trust - a trust inferred by operation of law
trust - something (as property) held by one party (the trustee) for the benefit of another (the beneficiary); "he is the beneficiary of a generous trust set up by his father"
constructive trust, involuntary trust - 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
resulting trust - a trust created by a court when it is judged that it was the intention of the parties to create a trust
Based on WordNet 3.0, Farlex clipart collection. © 2003-2012 Princeton University, Farlex Inc.
References in periodicals archive ?
Q: Is the concept of implied trust applicable in this case?
Okada lawfully earned, were neither acquired through mistake nor secured through fraud as to constitute an implied trust within the contemplation of Article 1456 of the Civil Code," Okada's motion said.
This is why securing your OT environment requires organisations to migrate away from implied trust towards a zero trust model.
'We deeply appreciate and are particularly gratified by this implied trust from yet another world-class and forward-leaning drug development organization, who also happens to be a long-standing expert in R&D outsourcing'.
(116) The court explicitly eschewed traditional state law rules regarding trusts when it stated "the fact that a trust was not created under our state's generic express (or implied) trust statutes does not preclude the implication of a trust on church property under the neutral principles of law doctrine." (117) In place of traditional trust law, the court resolved the conflict on the reasoning that the national church's property-trust clause, in combination with the local church's articles of incorporation, created an implied trust in favor of the national church.
Generation Y is well suited for telecommuting, as this group of people is typically adept at working independently, appreciative of the implied trust, and comfortable learning remotely.
So if they get a referral, that's really good, because there's an implied trust factor."
Critics question the ethics of the practice and believe it's a violation of the implied trust between a nonprofit and its supporters.
(89) This purpose becomes readily apparent through an examination of the origins of the implied trust doctrine in English common law and the use of express property trusts in the Methodist Church from its founding in the American colonies.
In climbing into a playhouse or bus, there's an implied trust in the young artist, architect and interior designer to take charge of the project and lead the renovation and remodeling.
Industrial tribunals can reinstate staff made redundant after whistle blowing, but with the implied trust between employee and employer gone few people actually want to return.