Speakur

Word Pronunciation & Dictionary

quistclose trust

Word Rarity Very rare

Frequency: Zipf frequency 0.00 in modern English

Syllables
quist-close trust
IPA
26
Scrabble Score
15
Letters
2
Syllables
10
Unique Chars

Meaning

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.

Etymology

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

Inflected Forms

Quistclose trusts (plural)

Questions

What does quistclose trust mean?
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.
Where does quistclose trust come from?
In reference to the 1968 case of Barclays Bank Ltd v Quistclose Investments Ltd.

How to pronounce quistclose trust

  1. Open the pronunciation page — Open the Speakur entry for “quistclose trust”.
  2. Read the phonetic spelling — Read the IPA spelling () so you know which sounds to aim for.
  3. Play the audio — Click Play to hear reference audio for “quistclose trust”.
  4. Repeat and practice — Say “quistclose trust” aloud, matching stress and vowels until it feels natural.