Word.ws English Dictionary

Quistclose trust

Quistclose trust noun: 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.

Noun

Quistclose trust (plural Quistclose trusts)

  1. 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.

Forms of Quistclose trust

pluralQuistclose trusts

Origin of Quistclose trust

In reference to the 1968 case of Barclays Bank Ltd v Quistclose Investments Ltd.

Questions about Quistclose trust

What does Quistclose trust mean?
Quistclose trust means 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.
What part of speech is Quistclose trust?
Quistclose trust is a noun.
What is the plural of Quistclose trust?
The plural of Quistclose trust is Quistclose trusts.

Words near Quistclose trust in the dictionary

  1. quissers
  2. quisses
  3. quisset
  4. quissets
  5. quist
  6. Quistclose trust
  7. Quistclose trusts
  8. quists
  9. quisultazine
  10. quisutsch
  11. quit

Source and license

Adapted from Wiktionary: Quistclose trust (page history and authors). Text available under the Creative Commons Attribution-ShareAlike 4.0 license. Word.ws reformatted the entry and added links. Wiktionary data of 2026-09-02.

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Cite this entry: “Quistclose trust.” Word.ws, https://word.ws/quistclose_trust. Based on Wiktionary, CC BY-SA 4.0.