Constructive

Business, Legal & Accounting Glossary

Definition: Constructive




What is the dictionary definition of Constructive?

Dictionary Definition


adj. a legal fiction for treating a situation as if it were actually so. Some examples help to clarify this term: a) although Jeremiah Gotrocks does not have the jewellery in his possession, he has the key to the safe deposit box and the right to enter so he has “constructive possession”; b) although there is no written trust document, George Holder has picked up $10,000 in bearer bonds from the post office box of his niece Tess Truehart, who gave him her post office box combination while she was travelling in Europe-this makes Holder her “constructive trustee.


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https://payrollheaven.com/define/constructive/
Modern Language Association (MLA):
Constructive. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. September 22, 2021 https://payrollheaven.com/define/constructive/.
Chicago Manual of Style (CMS):
Constructive. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/constructive/ (accessed: September 22, 2021).
American Psychological Association (APA):
Constructive. PayrollHeaven.com. Retrieved September 22, 2021, from PayrollHeaven.com website: https://payrollheaven.com/define/constructive/

Definition Sources


Definitions for Constructive are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 27th April, 2020 | 0 Views.