- trustee-beneficiary relation
- nounthe responsibility of a trustee to act in the best interests of the beneficiary• Topics: ↑law, ↑jurisprudence• Hypernyms: ↑fiduciary relation
Useful english dictionary. 2012.
trustee-beneficiary relation
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trustee — Person holding property in trust. Restatement, Second, Trusts, No. 3(3). The person appointed, or required by law, to execute a trust. One in whom an estate, interest, or power is vested, under an express or implied agreement to administer or… … Black's law dictionary
beneficiary — ben·e·fi·cia·ry /ˌbe nə fi shē ˌer ē, fi shə rē/ n pl ries: a person or entity (as a charity or estate) that receives a benefit from something: as a: the person or entity named or otherwise entitled to receive the principal or income or both from … Law dictionary
fiduciary relation — noun the legal relation that exists when one person justifiably places reliance on another whose aid or protection is sought in some matter • Topics: ↑law, ↑jurisprudence • Hypernyms: ↑legal relation • Hyponyms: ↑bank depositor relation, ↑ … Useful english dictionary
confidential relation — A technical fiduciary relation, such as trustee and beneficiary, and any informal relation between parties wherein one of them is in duty bound to act with the utmost good faith for the benefit of the other party, 57 Am J1st Wills 390; a relation … Ballentine's law dictionary
Fiduciary — One party, for example a corporate trust company or the trust department of a bank, holds a fiduciary relation or acts in a fiduciary capacity to another, such as one whose funds are entrusted to it for investment. In a fiduciary relation one… … Wikipedia
bailment — A delivery of goods or personal property, by one person (bailor) to another (bailee), in trust for the execution of a special object upon or in relation to such goods, beneficial either to the bailor or bailee or both, and upon a contract,… … Black's law dictionary
bailment — A delivery of goods or personal property, by one person (bailor) to another (bailee), in trust for the execution of a special object upon or in relation to such goods, beneficial either to the bailor or bailee or both, and upon a contract,… … Black's law dictionary
trust — A legal entity created by a grantor for the benefit of designated beneficiaries under the laws of the state and the valid trust instrument. The trustee holds a fiduciary responsibility to manage the trust s corpus assets and income for the… … Black's law dictionary
Trust law — In common law legal systems, a trust is an arrangement whereby property (including real, tangible and intangible) is managed by one person (or persons, or organizations) for the benefit of another. A trust is created by a settlor, who entrusts… … Wikipedia
Constructive trusts in English law — are a form of trust created by the courts primarily where the defendant has dealt with property in an unconscionable manner , but also in other circumstances; the property will be held in constructive trust for the harmed party, obliging the… … Wikipedia
