EXPRESS TRUST
express trust: translation
express trust express trust ➔ trust
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express trust UK US noun [C]
► LAW »
An express trust is created by a settlor (the person setting up the trust) giving explicit instructions as to how his or her property is to be held.
→ Compare CONSTRUCTIVE TRUST(Cf. ↑constructive trust), IMPLIED TRUST(Cf. ↑implied trust)