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English definition of “express trust”

express trust

noun [C]
 
 
LAW a trust (= legal arrangement in which a person or organization controls another's assets) whose conditions are stated by the person making it, rather than being agreed by a legal process in a court: 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, implied trust
(Definition of express trust from the Cambridge Business English Dictionary © Cambridge University Press)
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