Examlex
Can a large public debt cause a nation to go bankrupt? Explain.
Constructive Trust
A legal remedy imposed by a court to prevent unjust enrichment, transforming the holder of property into a trustee for the benefit of another party.
Resulting Trust
A trust that arises by implication of law when property is transferred under circumstances suggesting that the transferee was not intended to have the beneficial interest.
Totten Trust
A type of revocable trust created by depositing funds into a bank account with a designated beneficiary, often used for avoiding probate upon the depositor's death.
Spendthrift Trust
A trust designed to prevent the beneficiary's creditors from accessing the trust funds, providing financial protection for the beneficiary.
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