implied trust

Definitions of implied trust

1. noun

   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)