Quistclose trusts

A form of Quistclose trust — 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.

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Meanings

noun
  1. pluralplural of Quistclose trust
Cite this entry
APA

Quistclose trusts. (n.d.). In WatkinsX Dictionary. Retrieved November 4, 2026, from https://dictionary.watkinsx.com/word/Quistclose%20trusts

MLA

“Quistclose trusts.” WatkinsX Dictionary, https://dictionary.watkinsx.com/word/Quistclose%20trusts. Accessed November 4, 2026.

Chicago

WatkinsX Dictionary, s.v. “Quistclose trusts,” accessed November 4, 2026, https://dictionary.watkinsx.com/word/Quistclose%20trusts.

Source: Quistclose trusts on Wiktionary, CC BY-SA 4.0.