Entry from British & World English dictionary
Definition of cestui que trust in English:
- A trustee who is in possession of property which he admits to be trust property cannot plead the laches of the cestui que trust in a suit to enforce the trust in respect of that property.
- The trustee may deal with the trust property for the benefit of the cestui que trust as his or her interest may require, but for himself and for his own benefit he may deal with it not at all.
- A fiduciary may also owe tortious and contractual duties to the cestui que trust: but that does not mean that those duties are fiduciary duties.
Mid 16th century: from Law French, short for cestui a que use le trust est créé, 'the person for whose benefit anything is given in trust to another'.
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