| NOUN | possession | implied trust | a trust inferred / inferred by operation of law |
|---|
| Meaning | A trust inferred / inferred by operation of law. | |
|---|---|---|
| Narrower | 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 |
| resulting trust | A trust created by a court when it is judged that it was the intention of the parties to create a trust | |
| Broader | trust | Something (as property) held by one party (the trustee) for the benefit of another (the beneficiary) |
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