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constructive trust UK US noun [C]
► LAW a type of trust (= a legal arrangement in which somebody is given control over another person's money or property) that is set up according to the rules of equity (= a system of law that allows a legal decision to be made where the law that already exists is not considered suitable): »
In a case where murder is committed to obtain insurance money, the constructive trust prevents the beneficiary from directly profiting by his or her unlawful act.
Financial and business terms. 2012.