Cy Pres Doctrine

Business, Legal & Accounting Glossary

Definition: Cy Pres Doctrine




What is the dictionary definition of Cy Pres Doctrine?

Dictionary Definition


n. (see-pray doctrine) from French, meaning “as close as possible.” When a gift is made by will or trust (usually for charitable or educational purposes), and the named recipient of the gift does not exist, has dissolved or no longer conducts the activity for which the gift is made, then the estate or trustee must make the gift to an organization which comes closest to fulfilling the purpose of the gift. Sometimes this results in heated court disputes in which a judge must determine the appropriate substitute to receive the gift. Example: dozens of local Societies for Protection of Cruelty to Animals contested for a gift which was made without designating which chapter would receive the benefits. The judge wisely divided up the money among several S.P.C.A. chapters.


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Cy Pres Doctrine. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. September 22, 2021 https://payrollheaven.com/define/cy-pres-doctrine/.
Chicago Manual of Style (CMS):
Cy Pres Doctrine. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/cy-pres-doctrine/ (accessed: September 22, 2021).
American Psychological Association (APA):
Cy Pres Doctrine. PayrollHeaven.com. Retrieved September 22, 2021, from PayrollHeaven.com website: https://payrollheaven.com/define/cy-pres-doctrine/

Definition Sources


Definitions for Cy Pres Doctrine 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.