Definitions for "CONSTRUCTIVE TRUST"
A trust which a court declares or imposes onto participants of very specific circumstances such as those giving rise to an action for unjust enrichment, and notwithstanding the lack of any willing settlor to declare the trust (contrast with express trusts and resulting trusts).
a trust created by a court (regardless of the intent of the parties) to benefit a party that has been wrongfully deprived of its rights
a common law remedy used against persons who have acquired property unjustly, whereby that property is seized from the wrongdoer and given back to the rightful owner
a legal mechanism for awarding a property interest to a person who actually contributes to the purchase or upkeep of property titled in the name of another