constructive trust

WordNet-Online
Free dictionary and thesaurus of English. Definitions, synonyms, antonyms and more...
Hint: double-click any word to get it searched!

Definitions from WordNet

Noun constructive trust has 1 sense

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
--₁ is a kind of implied trust

Definitions from the Web

Constructive Trust

Definition

A constructive trust is a legal concept where a person holds legal title to a property for the benefit of another, typically due to fraudulent or unjust actions.

Sense 1 - Legal Concept

In legal proceedings, a constructive trust can be imposed by a court to prevent unjust enrichment or to enforce equitable rights.

Sample Sentence: The judge ruled that the funds held in the defendant's account should be placed in a constructive trust until the rightful owner is determined.

Sense 2 - Fraudulent Actions

A constructive trust can arise when someone wrongfully obtains property through fraud or other wrongful means.

Sample Sentence: The Ponzi scheme operator was found guilty of creating a constructive trust by using investors' funds for personal expenses.

Related Products:

constructive constructive breach constructive critism constructive eviction constructive feedback constructive fraud constructive metabolism constructive possession constructive trust constructively constructiveness constructivism constructivist constructivity constructor constructors constructs

Sponsored (shop thru our affiliate link to help maintain this site):

Check latest bestsellers | New Arrivals in Electronics