Quistclose
C2CEFR level
96/100Rarity: very rare
TechnicalRegister
A trust arising where money is advanced for an exclusive purpose, so that if the purpose fails the money is held on trust for the lender.
Because the loan was earmarked to pay a dividend that was never declared, a Quistclose trust returned the funds to the lender.
Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.
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