Definitions from Wiktionary (Quistclose trust)
▸ noun: (law) A trust created where a creditor has lent money to a debtor for a particular purpose. If the debtor uses the money for other purposes, it is held on trust for the creditor. Any inappropriately spent money can then be traced and returned to the creditor.
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▸ noun: (law) A trust created where a creditor has lent money to a debtor for a particular purpose. If the debtor uses the money for other purposes, it is held on trust for the creditor. Any inappropriately spent money can then be traced and returned to the creditor.
Similar:
cestui que trust,
trust,
cestuy que trust,
trust deed,
trust law,
constructive trust,
bare trust,
trustee,
unitrust,
escrow,
more...
▸ Words similar to Quistclose trust
▸ Usage examples for Quistclose trust
▸ Idioms related to Quistclose trust
▸ Wikipedia articles (New!)
▸ Words that often appear near Quistclose trust
▸ Rhymes of Quistclose trust
▸ Invented words related to Quistclose trust