CONSTRUCTIVETRUST

Constructive trust

A constructive trust is an equitable remedy resembling a trust imposed by a court to benefit a party that has been wrongfully deprived of its rights due to either a person obtaining or holding legal right to property which they should not possess due to unjust enrichment or interference.

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constructive trust

Noun

  1. A trust created by operation of law where one party takes physical possession of property, but is legally required to use that property for the benefit of another party, in the absence of a written agreement.


The above text is a snippet from Wiktionary: constructive trust
and as such is available under the Creative Commons Attribution/Share-Alike License.

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