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implied trust

DEFINITIONS OF: implied trust

1

n a trust inferred by operation of law

Types:
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
Type of:
trust
something (as property) held by one party (the trustee) for the benefit of another (the beneficiary)
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