cy pres

Definitions

  • WordNet 3.6
    • n cy pres a rule that when literal compliance is impossible the intention of a donor or testator should be carried out as nearly as possible
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Chambers's Twentieth Century Dictionary
    • Cy pres sē prā, in the law of charitable trusts in England, the principle of applying the money to some object as near as possible to the one specified, when this has become impracticable.
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Etymology

Chambers's Twentieth Century Dictionary
O. Fr.

Usage


In news:

Cy pres is a legal term used to describe an alternate appropriate use for unclaimed funds that remain after the proceeds from a class action settlement are distributed among the members of the class.
This is the fifth cy pres settlement the Foundation has been awarded in the past four years.
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