implied trust

noun

Definitions of implied trust

English

a situation where one person has a duty to respect the trust of another, even though that duty has not been clearly and intentionally stated as a binding agreement. Two people in a sexual relationship might be said to have a relationship of implied trust.

They identified the right of privacy by looking at common law cases involving an implied trust based on the receipt of confidential information.

English

the management of money or assets by a trustee on behalf of a beneficiary created by the operation of law or relevant circumstances, particular in situations where unfairness would otherwise arise

The trustees contend that without an implied trust, the property must be awarded to the legal title holders.