Found 2 items, similar to Resulting trust.
English → English (WordNet)
Definition: resulting trust
resulting trust
n : a trust created by a court when it is judged that it was the
intention of the parties to create a trust
English → English (gcide)
Definition: Resulting trust
Result
\Re*sult"\, v. i. [imp. & p. p.
Resulted; p. pr. & vb.
n.
Resulting.] [F. r['e]sulter, fr. L. resultare,
resultarum, to spring or leap back, v. intens. fr. resilire.
See
Resile.]
1. To leap back; to rebound. [Obs.]
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The huge round stone, resulting with a bound.
--Pope.
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2. To come out, or have an issue; to terminate; to have
consequences; -- followed by in; as, this measure will
result in good or in evil.
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3. To proceed, spring, or rise, as a consequence, from facts,
arguments, premises, combination of circumstances,
consultation, thought, or endeavor.
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Pleasure and peace do naturally result from a holy
and good life. --Tillotson.
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Resulting trust (Law), a trust raised by implication for
the benefit of a party granting an estate. The phrase is
also applied to a trust raised by implication for the
benefit of a party who advances the purchase money of an
estate, etc. --Bouvier.
Resulting use (Law), a use which, being limited by the
deed, expires or can not vest, and thence returns to him
who raised it. --Bouvier.
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Syn: To proceed; spring; rise; arise; ensue; terminate.
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