1. An equltable or beneficial right or title to land or other property, held for the beneficiary by another person, in whom resides the legal title or ownership, recognized and enforced by courts of chan-cery. See Goodwin v. McMinn, 193 Pa. 646, 44 AO. 1094, 74 Am. St. Rep. 703; Beers v. Lyon, 21 Conn. 613; Seymour v. Freer, 8 wall. 202, 19 L. Ed. 300
Source: Black's Law Dictionary 2nd Ed (1910)
