implied trust

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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
References in periodicals archive ?
I did this with implied trust that the shares continued to belong to me and were not actually theirs to own or to wield.
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'.
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.
Not surprisingly, the implied trust only deepens Mary's affection for the both of them.
I think there is both a legal and implied trust or contract to provide uninterrupted services during market hours,'' he said.