English Dictionary

Quistclose trust

名詞

(law) A trust created where a creditor has lent money to a debtor for a particular purpose. If the debtor uses the money for other purposes, it is held on trust for the creditor. Any inappropriately spent money can then be traced and returned to the creditor.

日本語の意味

債権者が債務者に特定の目的のために資金を貸し出した際に成立する信託。債務者がその資金を本来の目的以外で使用した場合、その資金は債権者のための信託として扱われ、適切でない支出があった場合に追跡され債権者に返還される仕組み。

The judge ruled that the money was held in a Quistclose trust, so the lender could recover the funds when they were used for an unauthorized purpose.

裁判官は、その資金が債権者が特定の目的のために債務者に貸した場合に成立する特別な信託として保持されており、目的外に使われた資金は債権者が回収できると判断した。

意味（1）

(law) A trust created where a creditor has lent money to a debtor for a particular purpose. If the debtor uses the money for other purposes, it is held on trust for the creditor. Any inappropriately spent money can then be traced and returned to the creditor.

Quistclose trusts （ plural ）