|
WordNet-Online
Definitions from WordNet
Noun involuntary trust has 1 sense
| ||||
Definitions from the WebInvoluntary TrustDescription:Involuntary trust refers to a legal concept where a trust is established without the consent or actions of the trustor. It is typically created by a court or under specific circumstances outlined by law. Senses and Usages:Legal Sense:In the legal context, involuntary trust is often established when someone is deemed to hold property or assets for the benefit of another individual or entity. This can occur when the court determines that it is necessary to protect the rights or interests of the beneficiary. Example Sentence: The court imposed an involuntary trust on the assets of the company to safeguard the creditors' interests. Financial Sense:In the financial realm, involuntary trust may arise when certain circumstances or events trigger the transfer of assets into a trust, regardless of the trustor's intentions. This could include situations such as bankruptcy, foreclosure, or insolvency. Example Sentence: Due to the debtor's insolvency, an involuntary trust was created to distribute the remaining funds among the creditors. Related Products: | ||||
involucre involumble involuntarily involuntariness involuntart involuntary involuntary actions involuntary muscle involuntary trust involuntry involute involution involution etiologic involutional depression involve involved involved
|