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Express trust
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Express trustA trust which is clearly created by the settlor, usually in the form of a document (eg. a will), although they can be oral. They are to be contrasted with trusts which come to being through the operation of the law and which do not result from the clear intent or decision of any settlor to create a trust (eg. constructive trust).
RELATED TERMS--------------------------------------
Trust
Contracts, devises. An equitable right, title or interest in property, real or personal, distinct from its legal ownership; or it is a personal obligation for paying, delivering or performing anything, where the person trusting has no real. right or security, for by, that act he confides altogether to the faithfulness of those intrusted. This is its most general meaning, and includes deposits, bailments, and the like. In its more technical sense, it may be defined to be an obligation upon a person, arising out of a confidence reposed in him, to apply property faithfully, and according to such confidence.
Settlor
The person who sets up a trust. Also referred to as "grantor."
Oral
Something spoken in contradistinction to something written; as oral evidence, which is evidence delivered verbally by a witness,
Decision
Practice. A judgment given by a competent tribunal. The French lawyers call the opinions which they give on questions propounded to them, decisions.
SIMILAR TERMS--------------------------------------
Express
That which is made known, and not left to implication. The opposite of implied. It is a rule, that when a matter or thing is expressed, it ceases to be implied by law: expressum facit cessare tacitum.
Expression
The term or use of language employed to explain a thing.
Expromission
Civil law. The act by which a creditor accepts a new debtor, who becomes bound instead of the old, the latter being released. It is a species of novation.
Exprommissor
Civil law. By this term is understood the person who alone becomes bound for the debt of another, whether the latter were obligated or not. He differs from a surety, who is bound together with his principal.
Expropriation
Canada: the forced sale of land to a public authority. Synonymous to the USA doctrine of "eminent domain".
PREVIOUS AND NEXT TERMS--------------------------------------
Exportation
Commercial law. The act of sending goods and merchandise from one country to another.
Expose
A French word, sometimes applied to a written document, containing the reasons or motives for doing a thing. The word occurs in diplomacy.
Exposition de part
French law. The abandonment of a child, unable to take care of itself, either in a public or private place.
Exposure
The potential for loss.
Express
That which is made known, and not left to implication. The opposite of implied. It is a rule, that when a matter or thing is expressed, it ceases to be implied by law: expressum facit cessare tacitum.
Express trust
Expression
The term or use of language employed to explain a thing.
Expromission
Civil law. The act by which a creditor accepts a new debtor, who becomes bound instead of the old, the latter being released. It is a species of novation.
Exprommissor
Civil law. By this term is understood the person who alone becomes bound for the debt of another, whether the latter were obligated or not. He differs from a surety, who is bound together with his principal.
Expropriation
Canada: the forced sale of land to a public authority. Synonymous to the USA doctrine of "eminent domain".
Expunge
To physically erase; to white or strike out. To "expunge" something from a court record means to remove every reference to it from the court file.
RELATED TERMS--------------------------------------
Trust
Contracts, devises. An equitable right, title or interest in property, real or personal, distinct from its legal ownership; or it is a personal obligation for paying, delivering or performing anything, where the person trusting has no real. right or security, for by, that act he confides altogether to the faithfulness of those intrusted. This is its most general meaning, and includes deposits, bailments, and the like. In its more technical sense, it may be defined to be an obligation upon a person, arising out of a confidence reposed in him, to apply property faithfully, and according to such confidence.
Settlor
The person who sets up a trust. Also referred to as "grantor."
Oral
Something spoken in contradistinction to something written; as oral evidence, which is evidence delivered verbally by a witness,
Decision
Practice. A judgment given by a competent tribunal. The French lawyers call the opinions which they give on questions propounded to them, decisions.
SIMILAR TERMS--------------------------------------
Express
That which is made known, and not left to implication. The opposite of implied. It is a rule, that when a matter or thing is expressed, it ceases to be implied by law: expressum facit cessare tacitum.
Expression
The term or use of language employed to explain a thing.
Expromission
Civil law. The act by which a creditor accepts a new debtor, who becomes bound instead of the old, the latter being released. It is a species of novation.
Exprommissor
Civil law. By this term is understood the person who alone becomes bound for the debt of another, whether the latter were obligated or not. He differs from a surety, who is bound together with his principal.
Expropriation
Canada: the forced sale of land to a public authority. Synonymous to the USA doctrine of "eminent domain".
PREVIOUS AND NEXT TERMS--------------------------------------
Exportation
Commercial law. The act of sending goods and merchandise from one country to another.
Expose
A French word, sometimes applied to a written document, containing the reasons or motives for doing a thing. The word occurs in diplomacy.
Exposition de part
French law. The abandonment of a child, unable to take care of itself, either in a public or private place.
Exposure
The potential for loss.
Express
That which is made known, and not left to implication. The opposite of implied. It is a rule, that when a matter or thing is expressed, it ceases to be implied by law: expressum facit cessare tacitum.
Express trust
Expression
The term or use of language employed to explain a thing.
Expromission
Civil law. The act by which a creditor accepts a new debtor, who becomes bound instead of the old, the latter being released. It is a species of novation.
Exprommissor
Civil law. By this term is understood the person who alone becomes bound for the debt of another, whether the latter were obligated or not. He differs from a surety, who is bound together with his principal.
Expropriation
Canada: the forced sale of land to a public authority. Synonymous to the USA doctrine of "eminent domain".
Expunge
To physically erase; to white or strike out. To "expunge" something from a court record means to remove every reference to it from the court file.
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This dictionary contains 8526 terms.
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